Except they MAY have one contract left - the Maersk deal. Of course I would be amazed if that one doesn't get cancelled too. And the liftboats seem to be doing pretty well. So there will be SOME value. Just not much.
I'm guessing around a nickel. That would give the company a market value of around 8 million dollars. And it would value the "new" company at around 256 million. Those warrants will NEVER be worth a single penny.
that this total piece of sch!!tt almost hit 19 cents just the other day. We'll never see 19 cents again. I'm lowering my estimate now down to a nickel from 10 pennies.
So over 20 million shares have been covered while the stock has gone from 60 cents to 15 cents. All of the shares will be covered by the time the stock goes below 10 cents. Isn't it amazing how that works? The stock market is the biggest scam in the world.