Geesh, the Tangible BV/share of $0.14 was for the year ending Dec 31, 2013 on the S&P Report: https://solutions.standardandpoors.com/NASApp/WS/EntryServlet?pc=IVS&tracking=IVSMEDBOX__INC&auth=user&pagename=encrStockReportPDF&company=156022130065108198057022010016043124199252241220 As of Sept 30, 2015, the Tangible BV/share is NEGATIVE $0.14 , according to the latest financials filed with the SEC by MDBX http://www.sec.gov/Archives/edgar/data/1547996/000119312515374675/d26343d10q.htm