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Re: CryptoNinja post# 1304

Thursday, 07/13/2017 8:11:05 PM

Thursday, July 13, 2017 8:11:05 PM

Post# of 1932
Another interesting fact in this stock is the amount of cash on the balance sheet and the book value per share.

Have a look at the following financial figures reported by Yahoo Finance:

Total cash: $9.5 million
Total debt: $3,000
Cash per share: $0.04
Book value per share: $0.04
Share price in the market as of July 11, 2017: $0.0405

What does it mean? It means that almost 99% of the share price is cash in hand. If this company is liquidated shareholders would obtain almost the same amount of cash that they own in stock.
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