Even if AMRE is currently valued at only 4M as of today, the subsidiaries it owns are valued at close to $70-90 million. That's a $2.00/share valuation of AMRE once it is realized. It's trading for .05 cents. It's gonna go up!
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Posted by: aries4747
In reply to: None Date:5/18/2005 11:59:18 AM
Post #of 37055
NAUC and RBSY are AMRE subsidiaries. AMRE undervalued?
On April 27th, after they exhausted their pre-R/S S-8, AMRE issued another S-8 for 25 million. Rather than what would usually be a kiss of death, in this case the S-8 might signal a rare opportunity.
RBSY, an AMRE subsidiary, rose steadily from the .60's to $2.40 after it started trading in late December. Though it topped out in mid-February, the pps has remained above a dollar. AMRE controls 25 million common shares and 6.5 million Super Voting Preferred shares of RBSY.
NAUC, a second AMRE subsidiary, began trading at the beginning of May and is following the RBSY rise almost step for step. The NAUC pps started in the mid .90's and in two weeks of trading it has risen to $1.85. Again, AMRE owns 25 million common shares and 6.5 million Super Voting Preferred shares of NAUC.
Closing 5/17 at .0091 with 44,830,980 shares OS, the Market Cap for AMRE is a mere $405,000. Not bad for a company that owns stocks trading for a combined value of over $70 million. So far, AMRE has quietly chewed through 6 million of the S-8. When it's done, the Outstanding Share Count will be about 65 million.
Vanbookie
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Buy)
