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Re: hang ten post# 2957

Sunday, 08/02/2009 10:14:49 AM

Sunday, August 02, 2009 10:14:49 AM

Post# of 16651
Can someone double check the following for me:

307.10 Total Current Assets
167.50 Total Current Liabilities
_______ -

139.60 NET current assets
20.45 Market cap
_______ /

6.8 x

That would mean that they have 6.8 times more cash in the register than that all their shares combined are worth.
Can this be true?
THIS ALONG would warrant a SP of $1.088 !
This would be EXCLUDING earnings projections.

btw one would do well to disregard posts made earlier by people claiming share prices or $10 or even $20 + .. these claims are nonsense and strike me as hyping. Consider the long term price history and you will see what I mean.

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