suspension should be lifted any day now, page-21

"Dis

Your aritmatic is good in normal times 2.58 is right.

These arn't normal times at all.

They dropped the price 20% BELOW the book build minimum and still came up $50 million short.

This will rattle everyone even those who took up stock in the bookbuild.

I would expect a big run for the exit when trade resume.

For my guess I expect it to close below $1.50

Any other estimaes??"

If it closes below $1.50 you are valuing the current business as it stands at about $0.82 per share:

$250M new injected equity / 365M total shares = 0.68

$1.50 - 0.68 = $0.82 per share

So from $16 high to $0.82. 95% drop in the value of the business? That's BNB territory for a well run engineering firm that is predicting increasing profits and has business contracts that go on despite a recession. Also will point out that each share owns the equivalent of $0.31 worth of TSI by my calcs!

If I had any money I'd be buying at that price. Unfortunatley I spent it all buying last week's bargain of a lifetime! ;p