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Re: pittski post# 20616

Thursday, 01/08/2015 12:24:50 AM

Thursday, January 08, 2015 12:24:50 AM

Post# of 41703
Look at the negative shareholders equity. You know what that means, I hope. Look at the anemic revenue. Look at the operating expenses. It seems almost certain creditors will claim current equity value is under. Heck, creditors would even have to get some haircut. Just look and watch.

It doesnt matter how much potential a company has. If it cannot prove with current profit PRIOR TO THE SUBMISSION OF POR, the potential belongs to somebody else, not to current shareholders.

To a large extent, valuation is a power game, not a mathematics or science. In the absence of hard profit numbers, an enterprise can be valued 1% or 1000% of its true potential. And shareholders are last in line in this power game.

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