Tuesday, March 14, 2017 6:25:15 PM
1. All the info Nick has told us is accurate.
2. The share count is accurate and hasn't diluted a share since August 1990 LOL
3. The debt on the books is very small comparable to the claim. It's payable to Bangor Punta Corp for a loan (w/interest) back when. MNII debt as of April 30, 1990: $1,836,388...looks like it was going up about $25,000 a quarter due to a note not being satisfied and admin expenses...so you figure double that amount for 2017 (maybe $3.5 mil in debt?). Versus the $48+mil claim plus interest makes this a pretty lucrative lotto ticket LOL
Fingers crossed for claim settlement, and then CHA - CHING! ;)
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.
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