Replies to post #8133 on otcbargains undervalued stock board

[mrholty]

Appreicate it. And I completely get why you sold. I would have done the same if I had been a current shareholder.

Using the $.69 gets you a PE ratio of right at 15 which I agree is probably not a good fair price nor a steal, maybe on the high side for an illiquid stock without financials. I wonder if they hired the law firm to establish a buyout price for the minority holders but felt that had to have some market transactions to use as documentation to use as to clear the price otherwise it looks like some insider dealings.

What is strange is that even though they sent this to you they are unwilling to share with the market their financials. Assuming they were the buyers of the 250k shares traded in the market and the bought the approximately the 500k shares from the minority brothers its interesting to see what they were doing. Back in 2001 (the place I was able to find shares outstanding they only had 4.4M shares outstanding and 2M of float. Since then the have issued 3M shares to insiders. That would be issuing about 200k shares/year.

I think they may go dark after this again and it may be a buying opportunity although I expect them to simply take it private as they would have a maybe 80% of the shares.