Based on the number of Authorized shares for issuance, i.e. 50,000,000,000
the Market Cap of this company at 0.0002 pps should register at $10-M.
At 0.0001 pps, the Market Cap should register at $5-M.
Since TransAsia has been awarded a $22-M judgement, and if they only recover 1/3 of that amount through insurance, assett seizure and liquidation, that still leaves TransAsia needing to recover $14.66-M.
I suppose anywhere between $5-M and $10-M of that amount may come from the Market Cap of this assett. (Current value?) But that still leaves TransAsia short another $4.66-M in recovery of the fully-awarded settlement. However, Should the pps of this stock rise to 0.0002932 (0.0003) rounded-up, then sure, there’s enough to liquidate it. Just one problem, however: Who’s actually going to buy at 0.0003 with 100% of the authorized shares for issuance - outstanding?
Maybe TransAsia will via another counterparty.
But that party is going to have to do something more with this ticker, just to recover their own 0.0003 pps in addition to every other marketing expense that goes into pumping this thing back up.
As-is, the paper value of this stock is already undervalued based on January 2018’s Market Cap and its current Market Cap, the authorized amount of its shares for issuance and its # of shares outstanding.
With all of the above in mind, it isn’t a far fetched roll of the dice to assume that the new owners of NEWLF (TransAsia) via court award are very likely to give up on this assett now, just to “let-it-go”. I find it hard to believe that TransAsia even made it this far in pursuing something that has already been deemed by every other long and short position as being so grey, dilluted and worthless for years, now. It might just behoove TransAsia to turn this defunct company around. All the market conditions appear to be in accordance with doing so. If nothing else, it’ll still be intriguing to watch whatever TransAsia decides to do with this company (ticker symbol) if anything amidst all of the other tickers currently registered and listed on the same exchange.