take his words with a grain of salt.
He was burned on a previous stock with Wade Clark or Ken Bland, I forget. He is upset about that , and he is following what Wade clark does... He is just wanting to see that we dont get burned too. But telling us that this has no value is the wrong way to go about it. He is not familiar with Frank Kristan.
I know this Ludvik Holdings doesnt have audited financials yet. But if the U.S. bankruptcy court and creditors were paid 20 million in order for the assets to be released to Ludvik, then I do believe that indeed the value of Ludvik Holdings inc is apx 21 million.
His older assets have depreciated, but Ludvik has added investments since 2007. One must remember that Frank is indeed a hedge fund manager that has managed 50+ mil in assets.. Those people writing bad things about him, and some of his failed investments, do not give him credit for the successful ones he has managed, or they have lost money with him in some previous way and do seek some kind of revenge.
It has taken Frank 10 years of his life to get ludvik Public, and I do believe it has been a delicate balance trying to juggle this bankrupcty case, and bring the company to profitability. Which he has managed to do since becoming CEO of this public entity.
