Dermaxar Inc.(fka DRMX)

[MNYC]

DRMX - $72mil sale of Euoko inc. - DD!:

This is a summary of some great folks who posted great info and DD on DRMX!

jimmybob:

"DRMX sub-co Euoko Inc. was sold for $72 mil, now DRMX has 5 MIL O/S

Do the math and thats $14.50 per share cash value"

Share Structure:
Estimated Market Cap: $5,265,000 as of Mar 12, 2009
Outstanding Shares: 35,100,000 as of Dec 3, 2008

cucpa:

"With today's structure, that puts DRMX at $1 share price. Excluding the buyout of over $70M. JMO. Looks undervalued to me is all im saying."

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DRMX 12 mil o/s..sold sub co for 72 million

Dermaxar has been the parent company for Euoko (http://www.euoko.com/) luxury skin care brand until its sale to Tatler Pacific on January 2011.

PR:
http://findarticles.com/p/articles/mi_pwwi/is_201101/ai_n56747503/
Another version of the PR:
http://www.prweb.com/releases/2011/01/prweb5018724.htm

hdsstocks:

"The proceeds of the Euoko sale were $72 million. That kind of money isn't what a typical Pinkie moves... Now we've got a low floater with only 100M shares AUTHORIZED (with recent trading activity one can perfectly assume the O/S is much smaller), and if I've understood well the news, it holds a truckload of cash.

Given those facts, this stock should be selling for a FAR higher price than whatever it's trading for right now."

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Yes the PR isn't exactly brand new, however it looks like it only came to people's attention very recently. This doesn't dismiss the deal just because the market is reacting late.