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Post# of 17758
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NobodyFromNowhere

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NobodyFromNowhere

Re: None

Monday, 09/26/2016 8:29:46 AM

Monday, September 26, 2016 8:29:46 AM

Post# of 17758
Court cases will run longer than we can stay solvent.

Current price is rational only if you assume that you can win in 10 years and get paid out $25.

Future Value = 25
Years = 10
Discount Rate = 20%

Present Value = $4

If you assume that there is only a 20% chance of being paid out, your present value = $4 x 20% = 80 cents

So, I think I will only buy more when it is down below at 20 cents per piece of Choco Cake. Yummy yummy Cocoa Cake!
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