Cambridge Capital Holdings, Inc. (CCHI)

[PaperProphet]

Re:<"after all, when PaperProphet started this board he said CCHI was worth 50 or 100 dollars a share minimum!">

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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