AI
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| Alias Born | 04/29/2008 |
Tuesday, January 16, 2018 4:48:38 PM
Yup, https://www.otcmarkets.com/stock/TELL/financials#
YE 2016 was before the merger Q1 2017 after.
I'd say $6 million in net assets on $39 million in total assets isn't bad.
Certainly compared to TGLO's $6k in assets and $2.2 million in liabilities.
And TELL's sale of $320 MILLION worth of stock after the merger didn't hurt any.
But what's really fascinating is that that $320 million in additional paid-in-capital only added $180 million to the net asset value. So not only did they not give away their assets, they stripped away some.
Oh yeah, and "The Company's common stock has been trading on NASDAQ since 1972 under the ticker symbol "MPET"."
So maybe not a great comparison.
YE 2016 was before the merger Q1 2017 after.
I'd say $6 million in net assets on $39 million in total assets isn't bad.
Certainly compared to TGLO's $6k in assets and $2.2 million in liabilities.
And TELL's sale of $320 MILLION worth of stock after the merger didn't hurt any.
But what's really fascinating is that that $320 million in additional paid-in-capital only added $180 million to the net asset value. So not only did they not give away their assets, they stripped away some.
Oh yeah, and "The Company's common stock has been trading on NASDAQ since 1972 under the ticker symbol "MPET"."
So maybe not a great comparison.
"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.
