Agree with Chad, very good posts, Chris, aka, Party Pooper!
I like your binary formula, too. I just kind of go by feel on these things, rather than a formula, and I come out with a similar scale, but down an octave or so. And, of course, the current price per share could change dramatically between now and the time of the announcement.
Chris, you are one hard working dude, that's for sure, and you'll make yourself a lot of cash before it's all said and done, you have a great facility for it, plus the willingness to educate yourself at a time when you can still remember what it is you're learning!
Chad, I don't know that the current bear raid is done; and I'm sure there's sufficient time for another. You may well have the opportunity to buy near $6 before the NR.