Anyone who believes that the "current valuation" of SGGM is $76 Billion, please make reservations to go join Dr. D in whatever alternate reality he is in...LOL.
Ticker No.of Shares Held Current PPS SGGM 200,000,000,000 $0.38
Current Valuation Divided by Est.** CMKX O/S of PPS Valuation (On This Alone!) $76,000,000,000.00 779,625,779,625 $0.0975 ====== ** The O/S of CMKX has yet to be officially reported. This figure could be less (thus higher PPS than indicated).
From SGGM's last SEC filing on 11/41/2002:
The Company's financial resources have been substantially exhausted and management does not know of any significant additional financing available to the Company. The Company has no continuing on-going business operations at this time. The Company has been seeking, since early 1995, to satisfy its trade debt other than through a court supervised process, which would entail significant administrative expenses. The Company has been able to satisfy a substantial portion of its trade debt, but in light of its financial position, it is unlikely any payments will be made on its other indebtedness, which has been voluntary subordinated to the Company's trade creditors.