lowest closing price since the day before the acquisition announcement was made
MDTV stock price is following the same pattern that WPCS did
Probably shouldn't even be trading that high. The equity holders are only getting $2.4m over 3 years (roughly $800k a year) in interest payments and basically a call option on MBND at $4 a share.
So the interest payments equate to about $0.42 in MDTV. Plus, add whatever chance you think the preferred stock has of being converted at $4.
I'd say it's probably worth about $0.75 a share.
Sentiment: Strong Buy