RFX - when and at what price will it open?

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.
 
Quote from areyoukidding?:

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.
More...

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..

w
 
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