DVL, Inc (DVLN)

[littlejohn]

In general terms to address your question, the company sold at an equity discount during the good times for real estate markets a few years back...Kinda figured that was due to the company's past history and the listing status of being a bulletin board listed company...

A year or so back the company started into a declining trend of lower # of leased properties under their control which should be lowering overall square footage of leased property earning revenue...

Company gave no guidance prior to the most recent decline trend occuring and that seems to be their approach on any guidance to shareholders...

The equity value is based on lease revenue paying down underlying debt on property and with constant equity valuation(real estate property value) that increases equity...

There is also some concern in the equity value maintaining constant value status in the current real estate market environment...

Good, low cost run company...

Better future share price valuation gets a picker-upper if the company could start showing expanding lease footage to grow revenue...Imo, of course...LJ