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Re: bell345 post# 1677

Friday, 09/16/2005 6:55:12 PM

Friday, September 16, 2005 6:55:12 PM

Post# of 2437
Settle down there, bell.
The company is trading at almost 1/5 the value put on it by Formula a few months ago in the buy out offer. Why was the offer rejected? Because the majority of shareholders thought the company is worth more. And now we're at 1/5 the value. Does this seem like a good value proposition to you? How long have you been trading? How many times have you seen a company's stock hit rock bottom, where most usually sell, before recovering huge gains to make up the intrinsic value. This company is worth at least $56 million based on Formula's offer. I'll take my chances with it trading at a market cap of $12 million.

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