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Stock_Nerd

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Stock_Nerd

Re: ryanplaya post# 18938

Thursday, 02/04/2010 7:38:18 PM

Thursday, February 04, 2010 7:38:18 PM

Post# of 72136
I have been watching this stock for a while now and recently started accumulating. I will definitely be adding to my position if we start to settle in the .005 area. My reason? IMO, this stock is undervalued. At .005, you have a half price sale just looking at book value.

Book Value Per Share = (Total Shareholder Equity – Preferred Equity) / (Total Outstanding Shares)

Book Value Per Share = $8,911,841 / 858,195,378 = $0.0104

Note: Numbers were obtained from company’s quarterly report dated Sept. 30, 2009. www.pinksheets.com
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