Wednesday, October 27, 2010 12:30:41 PM
I said the company had $50/share in tangible equity a few years ago. You can actually calculate that yourself from the last SEC filings from around the time when I posted it if you want. I certainly never gave any opinion as to what the stock was worth and I never thought it was a stock worth buying because of the disparity between tangible equity and market price.
Didn't I address this before with you--or at least I remember someone else before seemed confused and thought when I said "discount" that I was actually giving my opinion that the market price should be higher. If that's also what is throwing you off, by "discount" I quite literally meant that the market price was less than tangible equity. I could have said that tangible equity was a premium to the market price but I'm not sure that would have been correctly interpreted either.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product even more revolutionary.
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