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Re: Chachang1 post# 32702

Friday, 11/21/2014 3:24:44 PM

Friday, November 21, 2014 3:24:44 PM

Post# of 45244
No value for BCCI's BUCS shares is appropriate.

BCCI owns about 2.6M shares of BUCS. At the current .01/share, the value would be $26K. This in turn works out to .00008 per BCCI common share equivalent -- IF you could sell the shares in a market where trading volumes are very limited (25K today, for example, and many days with no trades at all).

So, company's decision to reserve 100% of $26K seems appropriate, and for sure hardly worth debating.