It isn't based on book value, just a hunch based on what I think investors will do, this stock has been trading at a P/E ratio below one for a while now, and I think it will continue to do so, I know that a lot of the preferred shares are worth between 50¢ to $5, I just think this is gonna blow up after the fins come out. I also think that the only reason he said 30jun is because the firm doing the auditing wanted that much time, but this isn't some multi billion dollar company, so I don't think it will take that long to do them, I think beginning of May they'll be finished...and then, people are gonna come screaming into this stock with thier hair in fire to buy it up to 50¢. Before we see the first major retracement. Audited fins in the stinky pinkies are kind of a big deal....
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