~Now this is interesting on KCG At the end of the

~Now this is interesting on KCG At the end of the March quarter, the trading company had $363.3 million in cash and cash equivalents on the books. As of March 31, 2012, KCG had current assets, which consist of net assets readily convertible into cash less current liabilities, of $1.07 billion. They just burned nearly half of it up, in a matter of moments.

A little math here would be helpful, liquidate everything and take the $440 million hit, and you are left with $630 million. Of course, everybody on Wall Street knows what Knight is holding and will make sure KCG doesn't get current market value. Those sharks are cutthroat.

So let's give the $630 million a 20% haircut, and there is $504 million left. Knight Capital has 89.62 million shares outstanding, which translates to $5.62 per share. While Wall Street is running away from KCG shares again today, another market maker could be eyeballing a bid. All they might have to do is ask.

http://www.istockanalyst.com/finance/story/59...up-inc-kcg