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db7

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db7

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Re: Olmsted post# 284

Monday, 01/04/2016 7:50:37 AM

Monday, January 04, 2016 7:50:37 AM

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Hi Olmsted,

I'm no E.I. By any means but what I think happened is Fitzgibbons gave every single penny of retained earnings he's built up since 2008 to settle the Granite claim...

So if I'm correct, that basically leaves us with the operating business AND the NOL's...

I think several of us incorrectly assumed our claims were equal to Granite-

I think the main potential for value now is the potential for a suitor who is interested in the NOLs

When I assumed we were close to equal Granite I was looking for about $2/sh here..... Now I'm guessing it's between .30 and .60 with the wildcard being the NOLs

Jmho

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All posts are strictly my opinion and are not buy or sell recommendations.

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