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Black8

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Black8

Re: YogInvest post# 25873

Wednesday, 10/03/2012 6:06:49 PM

Wednesday, October 03, 2012 6:06:49 PM

Post# of 130743
Right, but you have to look at the market cap it represents (18 million) and then divide that by the unrestricted floating shares (499 million). This is how s/p is calculated by most. That makes it. 036 per share.

The company's total market cap is $2 million right now. An offer of 3x that for only 1/3 cannot mean anything other than this is undervalued bigtime.

I'm with you. I'm glad they declined even though it would have boosted market cap.

EPGL

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