Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[996]

Very nice if you think abou it twice. This was posted by a user on the Yahoo-board:

As of 11/13/09 JGBO has 11.6m shares outstanding from latest 10q.

137m/11.6m == 11.81 cash per share

Now factoring the notes and the warrants gives us 18.25m shares and adding the cash from the warrant exercise gives us $21.95m + $137m = $158.95m in total cash.

$158.95m/18.25m == $8.71 cash per share

Now lets assume JGBO generates $20m in cash during their seasonally best quarter(2q10) this gives us, $179m/18.25m == $9.81

So for the shares outstanding right now JGBO is trading below cash value and their high margin business is not even being valued.

Link ot the post: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/threadview?m=me&bn=31759&tid=6311&mid=6311&tof=1&frt=2#6311
Thanks, ne-che!