InvestorsHub Logo
icon url

semiguy99

08/27/06 7:53 AM

#57054 RE: bleah #57052

How any of you can fail to see the relationship between an Asset Management company and a bank is beyond me.

Bank take deposits, hold money, loan money out, and make profits from the spread.

Asset management companies do the same thing with instruments such as Bonds.

Brokerage houses do the same things as well.

What seems incomprehensible to the Bashers is that a stock trading at $1 could potentially be worth $54.

If they had any brains, they would look at the structure of the company and the filings to date and come up with their own valuation, which has to be significantly higher than 87 cents based on the latest 8K.

Of course, Bashers and morons like havenobrainsfriendsmoneyorlife simply want to irritate and prove themselves right, although in this case they have already lost and haven't admitted it yet.