Replies to post #1304 on Pledge Petroleum Corp. (fka PROP)

[Jmoney90]

Another interesting fact in this stock is the amount of cash on the balance sheet and the book value per share.

Have a look at the following financial figures reported by Yahoo Finance:

Total cash: $9.5 million
Total debt: $3,000
Cash per share: $0.04
Book value per share: $0.04
Share price in the market as of July 11, 2017: $0.0405

What does it mean? It means that almost 99% of the share price is cash in hand. If this company is liquidated shareholders would obtain almost the same amount of cash that they own in stock.