Net Assets (property and equipment) is listed at about $50m in last filled 10k. A PPS of on the high end of what you’re saying ($0.2) values the company at $25m. The debt is about $60m (not even including pwc cost) so you really think the creditors stopped a company generating $20m in revenues to shut down and sell for half the money they’re owed? Sounds like you must have really thought out your analysis (n)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.