Wow, you guys are so obsessed with the stock price.
Let me ask 2 questions of you:
1. According to your logic, CHC is worth $40m. Let me ask you, if you took that offer to the people who own it do you think they would say yes and sell to you? I propose that they would say no and therefore the value of the company is higher. The value of the available shares is what the market says but nothing more.
2. The fact that people are still buying (needs 2 sides to trade, buyer and seller) shares when people sell them indicates that plenty of people out there think there is upside. The stock is down 95% ish in 18 months when the fundamentals are actually better then they were when CHC floated. Do any of you think for the notional $40m, CHC is over priced, underpriced or fair value?
By no means is CHC out of the woods but $50m? Please... They own ac worth more than that alone (just about).