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Post# of 45771
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repete99

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repete99

Re: None

Thursday, 07/31/2008 5:03:35 PM

Thursday, July 31, 2008 5:03:35 PM

Post# of 45771
If they expect $15-18m for the salvage, and they've already been offered $5.5m, and turned it down, wouldn't it seem reasonable that there is value here, and they will get something closer to what they want? Let's say they get $12m, and with a 2.3B O/S wouldn't that put the pps closer to .005? Just trying to figure out what this company is worth, and whether to buy more at this low pps.
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