I think I am well qualified to give asset valuation lessons. You on the other hand have apparently not heard of the accouting principle of full consolidation, in which assets of subsidiaries are accounted for on the parents financial statement if they hold a controlling stake. Why won't you show proof that the facility you mention is producing and is actually owned by EVFN. I don't see anything in the section of subsidiaries at all.
Wouldn't you see cash flow and earnings appear somewhere on the income statement?
Also, if Vertex is producing, how come it is listed as dormant in the summary list of subsidiaries as of March 31 2010??? If the relationship is so fruitful, why would Vertex sue DM for breach of contract?
The debt they have on their BS is the same debt they have had for a while. Why don't you show me the PR or filing where they received financing or show me where the alleged money shows up in the statement of cash flows, specifcally the section on cash flows from financing. It doesn't, doesn't it??
Just because you call it a fact doesn't maker it a fact.
By the way, on one of your other posts, you claim EVFN is in Chapter 11?!? How come that has never been mentioned anywhere. Wouldn't you think that is would be just a tad material to require disclosure to the investing public.
You are simply striking the same tone you did a year ago without regard what transpired and you act as though most guys aren't down 99%.
Back to your hedge fun point, since I am clearly a financial neophyte, I am eagerly anticipating to learn how 100 share trades are the markings of hedge funds. This is news to me. On the other hand, have you ever heard of Market Makers?
Once again, I ask for anything you can produce to substantiate your claim on gas stations? Care to supply any links on the Ethanol plant?
As to the share price, once can argue that the market doesn't always value all entities properly, but in the case of a company going back to whence they came after a 600:1 reverse split, I think the market has gotten this one right.
Unless, of course, everyone should heed your advise and buy buy buy, as it is just such a tremendous value at this price.
I am getting tired of every now and then, a cryptic poster is coming along that has "inside sources" and knows of things that they can't reveal or ahead of time and the company never even made public. If you know something, lay it bare. If you can't stop wasting anyone's time.
Don't you think that if they had operating facilities, Dennis "No intention is small enough for me to PR" McLaughlin would have made that known?
AI
