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Re: imgoingfishing1 post# 1998

Sunday, 03/24/2013 10:58:09 AM

Sunday, March 24, 2013 10:58:09 AM

Post# of 4164
Have a look at the "paid in capital" line item again.

Paid in Capital $15,014,988

Shareholders' Equity $15,705,914

If nothing has changed since that the Sept. quarter, then GGCO is selling at about 25% of book value. I'm pretty sure numbers have changed since then.

Paid in capital (Paid-in capital or Contributed capital) refers to capital contributed to a corporation by investors through purchase of stock from the corporation (primary market) (not through purchase of stock in the open market from other stockholders (secondary market)).

http://www.otcmarkets.com/financialReportViewer?symbol=GGCO&id=95839