Ron -- Thanks for your response (as well as your recommendations). I think AGTC is the overall single best company I have ever found on the Pink Sheets.
IMO, a buyout is possible from a larger mining company. I would guess the price would be in the area of $2.00/share based on earnings and cash flow. Remember however that with management owning at least 85% of the Company, any takeover would have to be friendly. I think management would just as well take out the dividends each year (low taxes on dividends) rather than take a cashout capital gain all at once and pay a larger percentage to the IRS in taxes (my interpretation of the situation only).
Given that management has no intention of uplisting now or in the future, I do not anticipate the Company will be willing to pay the annual expense of an independent audit (which would directly and equally reduce cash dividends). In addition, given that management told me the Company does not actually want to be "discovered", I do not anticipate management will list the financial statements on either the Company website or the Pink Sheets database.
However, I will say that I have found AGTC's General Counsel Ted Stevens to be very polite, professional and willing to answer my detailed questions (and once in a while to actually send me financial statements in response to a specific request).
THANK YOU for recommending LKSC and BONL, I will take a look at those stocks later this week and let you know what I think (if you are interested).
Best Regards,
Tom
DIVERSIFICATION IS RULE #1 -- YOU ALONE ARE RESPONSIBLE FOR YOUR INVESTMENT DECISIONS -- ALWAYS CONDUCT YOUR OWN DUE DILIGENCE -- NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE -- HOPE IS NOT AN INVESTMENT STRATEGY -- PATIENCE !!!
AI
