Well, the math works. Could possibly be how this all calculates out. Makes you go "huh". So at 2 cents we are undervalued. So at a minimum, right now this should be at least 11 cents and likely a lot higher given other value of Delfin. $65M at 414M outstanding is close to 15 cents in just NOL's then add in the value of Delfin, etc.
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