21st Century TEC (fka TFCY)

[OMOGInvestor777]

Maybe the dilution is already factored into the price and we are at a bottom. This guy seems to think so and he has a pretty convincing argument:

Subject: NAV Calculation post dilution 10/21/2004 4:08:38 PM

Posted By: bottomfeederxx Msg# 35913



We are currently at the maximum diluted Net Asset Value. Prior to the offering, TFCT had 502,477,000 shares outstanding and a NAV of 15,316,404. The worst case scenario is that they sell 1BB shares at .005 for 5MM dollars. that leaves us with 1.502BB shares and a NAV of 20,316,404. The NAV per share then becomes $.0135 per share and here we are. If you believe that on average, TFCT was able to get more than .005 per share then the post diluted NAV per share would be higher than .0135. Add to that any increase in valuations for prizeWise or Trident over the past quarter, and this is looking more undervalued. Naturally, the only other main concern is dilution due to a reverse split which is dependent on the reverse split ratio if it occurs.
-BF
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