Jul. 9 at 11:35 PM
$TTOO
using AI trying to determine CRG's average cost per share.. not sure if its correct or verified.. invite all to run their numbers and math to review and comment.
novice summary:
1)... its been reported that CRG owns 69 Percent of TTOO shares.. OS equals 28 Million.. .69 x 28mil = total 19,320,000 (shares )
2)... according to AI CRG has a $ 40million value paid for its shares.
<ai quote... In total, CRG converted
$40 million of T2 Biosystems' debt into equity (common and preferred stock) >
3)...
$40 million dollars divided by 19,320,000 shares equals
$2.0 per share. 28 mil OS x
$2 = a $ 56 mil BO price for CRG to break even
Best I can figure ??
$2 is CRG's equivalent average payment price per share....
Please note this is info obtained thru AI, has not been confirmed. It's not meant as factual basis for anyone's decisions.. Provide your own DD verification.
Your input, correction and comments are welcome.