Simply Inc. (SIMPQ)

[SpencerTracy]

With no IP (intellectual property), with no R&D, with business model that just can only lose money, with smart phones selling in $100-$700 range, their ASP is just $42, cash-strapped IFON may now only have one option: liquidate!

If they are to liquidate today, their $4M inventory might sell for $1M (who will buy their phones with no warranty). Employment conracts, severence pay, etc could take away $1M. Building leases, legal fees, etc etc .... and the liquidation might just fetch $4M! That is 30c per share!

The above is just what I think. Do your own DD. Good luck!