Grifco Inc (GFCI)

[cyofish]

If you can get $01 for CTT now, it's worth it in my opinion.

Based on the shares outstanding CTT's market cap is about $2.8 - $3 million. After seeing the audited financials there is no way the company is valued near that.

You can guesstimate the approximate fair value of CTT using the purchase accounting method. The net asset value (Assets - Liabilities) is about $350K. Add to it the FMV value of intangibles like the patents, which can be valued using the discounted cash flow method (how much cash flow the patent can generate in a given period). The method takes into account the forecasted cash flow weighted on its estimated life cycle. Based on what it generated thus far, the value of the patents probably isn't much.

CTT has no other assets that can be restated at FMV (i.e. Real Estate, appreciable property).

In short, CTT isn't valued anywhere near it's market cap (Unless someone wants to argue that the patents are worth a couple of million which is waaay out of line). I have no doubt once the new CTT goes public the price will tank. It would be awhile before CTTH sees the current valuation.

JMHO.