Beware of any individual touting a "book value" number in the subpenny OTC marketplace. Quite simply, it is generally unreliable and ridiculous to consider that a catalyst to act on. In this situation, it is blatantly false to do so given the lack of financials for 5 years and, only unaudited financials back then.
Many stocks run or drop all of the time down here. It never has anything to do with positive or negative "book value". It has everything to do with hopes and dreams for the company's future.
The one that espouses using fake book valuations to pump stocks knows that all too well. Shameful.
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