Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[ltesprit]

You're talking book values of assets. Remember, there are two sides to a balance sheet. Look at the liabilities/equity side: it is underwater. (I.e., there is negative shareholder equity.) That means that all QTN's assets are already 'spoken for'; they're 'owned' by the creditors. There's no residual value leftover for shareholders if a liquidation were performed.

Olsen claimed that QTN possessed several hundred million dollars in assets. That was a clear lie, and he is in deep sh-t. He made several such statements, and the SEC is going to nail him for giving false and misleading information to shareholders. I know that doesn't give us hope for recovering our investment... I don't want to mislead you, I think Olsen misled people enough for their lifetimes. I'm telling you how it is. Our only hope is that Fan creates somekind of value out of this smoldering collapse.