Discussion in 'Stocks' started by areyoukidding?, Oct 18, 2005.
Is this thing worth anything?
pinksheets looming for rfx
I'm going to say $4-5 if they are gettign bids in the 800mil range.
im .50 for 20K, 1 bid for 10K
Did a little research, the company has 127,500,000 shares outstanding, the market cap at halt of 7.9 gives it a value of 1billion. it sold futures brokerage for 780 million. i dont know how else to value it.
who is a reorg expert here.
Thats what i did and came up with a $6 ish max theoretical value. I have no idea if this is right but it makes sense. However I wouldnt be surprised if they figured it out in a way to completely fuck the shareholders.
RFX has over $1 billion in debt which needs to be paid off first. The equity is worthless.
Probably open somewhere in the $1 range, as shorts cover and people try to buy it for a quick flip.
is also interested the company gets to keep I believe 20percent.
I just heard on squawk box that others are contesting and looking for a chance to bid.
Any idea if and when it will open and where?
My other concern is that once opened a lot of traders will sell to cut losses which could drive the stock lower...
Me I am caught "big time" a few dollars won't make any difference here so I am going to wait and see where it goes..
i will buy 10K @ 1; 20K @ .5
delphi is up 100% from its pink sheet lows and gm is now 30 from 24.40, so there is value somewhere for this company, just dont know where yet.
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