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Re: MakingGains post# 63973

Friday, 01/22/2016 7:51:52 AM

Friday, January 22, 2016 7:51:52 AM

Post# of 68424
Again, regardless of 7 cents or 70 cents - the point is the same

You say you see 70 cents, ok what's your rationale. You realize you are suggesting the same point as I made, that this will trade at a heavy discount to cash (ie that equates to a market cap of 7 million).

So your argument is this will trade at 30% of cash value. 1/8th of book value = bankruptcy levels, when I have already proven to you that this company won't be going bankrupt - so your view/thesis is a bit odd in my view.

That being said, I am happy to see your rationale, math and views on this vs just "I see it there"

Back up such comments with a valid argument based on VRNG financials, facts and fundamentals. Else, we can say we see the stock at 1.2 bln market cap and it has the same value, ie no value at all when not based on any sort of fact or analysis.

Again, please read my past response to you, it still holds. In addition, I think you need to consider the fact that given the cash value on the balance sheet should the company see their stock fall much further, corporate finance 101 tells us there would indeed be a share repurchase, which would then raise the share price.

Basics like what I just mentioned above would make your view somewhat off base in my view, but again, happy to see an intelligent response as to why my view is incorrect - again based in fact, theory, and math, not just a random opinion

Thanks