Zdxss1
Oct 3, 6:55 PM
$CMMB
There is a fundamental misunderstanding of how companies are valued.
A company generating profits and owning solid assets with a valuation of
$10 million can be worth far more than a company with
$150 million in assets that continues to report recurring losses while operating in a business where the technology gradually loses value and the underlying assets erode over time. In my view, that is exactly what is happening with Scipher.
Future value is what ultimately determines today's valuation.
As for the merger, I believe CMMB agreed to it in order to secure the emergency
$10 million financing. I am convinced that CMMB's management is not truly supportive of this transaction and understands that, if it goes through, it could face significant shareholder opposition and potential legal challenges.
The important question is this: when CMMB signed the merger agreement, did it leave itself a way out of the deal? I believe there may be an exit path available
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