Aug. 5 at 3:56 PM
$CCLD $CCLDO
As always, the preferred shares make this calculus a little complex
They look to have a cumulative market cap of about 160m assuming par value for the outstanding 2.5m preferred shares (A and B at 25 not including back dividends).
That means we trade at about 1.5x revenue and they would need about
$42-45m to buy out the remaining B shares.
The A shares if converted at these levels would add about 10m more shares to the float.
I'm not adding to the commons until I see how they want to play this. The B shares I hold are locked away paying me to wait.
