Price EWAG
We currently have $46,067,949.02. in cash and land and the NOL is worth about $245 million in tax relief (based on other cases) for a total of $291,067,949. in asset value.
Divide $291,067,949. by 34,329,064 shares outstanding to get a net asset value of $8.48 per share.
If the whole $801 million is good plus the $46,067,949.02 is $847,067,949.02 divided by 34,329,064 shares is $24.68 per share.
So the range is $8.48 - $24.68 imo.
I'm looking for $6-18 per share and new stock. I think we'll trade about 2 old shares for 1 new to increase the float to about 69 million shares and we'll own 52.5% of the new company . ... that's my EWAG and theory
Answer from IV board member Top_Professor
>>> A few months ago, I mention this stock to my colleagues at work, one of them use to do the Audit for Sunbeam. He thinks it will be between $7-$9 which is exactly in the same ball park with your figure.
Let's see what happens, October is my favorite month of the year unless my Cubs don't come through. <<<
