People who bought in cr at 2.5-3 can sell at 5. Still no one has looked at the "data room" which would indicate serious interest in ALT (correct me if I am wrong). ALT is a bet where we don't know when the roulette ball wheel will be dropped. Best estimate of value for me is 2.5-3 which is what bigger players were willing to stump up. Would they stump up the same amount today if asked? The paradox is that as it gets back to the 3 level it is more likely to fail or have its hand out with another cr at some fraction of a fraction of a cent. Trading on the way down has been the only way to play ALT.
ALT Price at posting:
0.5¢ Sentiment: None Disclosure: Held
