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Re: ErnieBilco post# 925

Wednesday, 11/14/2012 12:05:44 PM

Wednesday, November 14, 2012 12:05:44 PM

Post# of 52999
READ THIS. The book value on the stock is 10 cents with no go forward value given. That's pretty good in a ball park with tons of junk at higher than 2 cents. I like it frankly. The market is terrible right now so the inactivity is likely a result of that.
Management is the variable and they likely hold a position of value that they want to go up rather than the old extraction as the asset has been placed in the company. Big distinction to be noted.