All you Cipherloc bulls, I have great news for you. We have been told that shares are available IN SIZE at levels substantially below the current "market price". We were offered a block of nearly 10000 shares at $1.15 yesterday provided we took all of them. I was given the impression that a bid of $1.00 or more would be acceptable for an off exchange trade. These types of calls almost always are the result of someone having or often believing they have inside information.
Our family office is a long term client of little known consulting firm whose expertise is rating company management. They use a quantitative model which incorporates the company's financials and some portion of the rating has to to with composition of the board, stock performance relative to peers and many others. We asked them to do an analysis of Cipher Loc for us to compare their analysis versus the rather poor impression I noted a few months back. We have used this service for more than 15 years and while they are far from infallible, they saved us from disaster on more than one occasion.
Quote... Our analysis of how to maximize value indicates that we would realize the most by donating the shares to charity and take the donation writeoff. IRS rules allow us to value the shares at their closing price on the day of the donation. However, I can't in good conscience stick a charity with a worthless stock.
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