CDBH shell valuation...private messages.....
Over the last few weeks I have received a number of private messages stating that CDBH is an overvalued shell. Which is a bit puzzling to me because just basic, common sense fundamental analysis/math suggests otherwise.
From a purely fundamental perspective the CDBH shell has been consistently undervalued versus other Belmont/Meuse shells (as I have pointed out in past posts). And the contrast in valuations is also quite stark when you compare CDBH with some of the popular non-Belmont shells attracting attention here on IHUB.
CDBH is currently a 50K shares outstanding shell, deliquent on its last two quarterly filings, and a market cap of $100K/$450K at the bid/ask. Granted, shell valuations can always change due to unexpected or unforeseen pre-merger dilution, but that same caveat/condition applies to every other shell. Some of the more popular shells here on IHUB share a similiar filing status/condition as CDBH (deliquent or just recently became current with their filings).
So I think it is a bit difficult/ridiculous to label CDBH as being a "horribly overvalued shell" at a $450K market cap, when 100+M shares outstanding shells like NSCT and LOCN have been reaching market caps exceeding $10M (20X higher than CDBH).
