Genitope Corporation fka GTOPQ

[GordonGecko]

*GTOP* Nice post...

BAC will presumably purchase CFC for about $6.5o PS although I have my doubt that this merger will go through mainly because of the tons of bonds issued by CFC. Still, the question remains, how is it that BAC is willing to pay $6.5o PS for an entity destined to go BK within days?

IMO, it all boils down to "intrinsic valore." Obviously, the marketplace was close to assigning zero value for the common shares of CFC while BAC came up with an intrinsic value much higher than the then prevailing share price.

I see the very same approach developing with GTOP. Current share price is significantly lower than the intrinsic valore of the comapania, therefore offers a tremendous value at these levels given that GTOP has no bonds outstanding, not yet anyway.

The investor would be wise to consider two important parameters with GTOP:

1. The tangible BV stands at $2.85 as published in various financial reports; and

2. GTOP has accumulated tax-loss-carry-forward of approximately $25oM, of which, according to Madam, is worth $1ooM in current market environment to a potential profitable buyer.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=23603&tid=11057&mid=11057&tof=3&frt=2