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rickn23

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rickn23

Re: glenngroove post# 7666

Wednesday, 07/01/2020 8:12:54 PM

Wednesday, July 01, 2020 8:12:54 PM

Post# of 10273
I don't see anything wrong with 50 cents.

At $55 million in cash and 217 million shares outstanding, GNUS has a little more than 25 cents a share in cash.

GNUS's IP is worth another $20 to $40 million.

Hard to value the company as an ongoing business, since it isn't profitable.

$55 million plus $40 million equals $95 million, dived by 217 million shares, you get about 44 cents a share.

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