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rickn23

07/01/20 8:12 PM

#7668 RE: glenngroove #7666

I don't see anything wrong with 50 cents.

At $55 million in cash and 217 million shares outstanding, GNUS has a little more than 25 cents a share in cash.

GNUS's IP is worth another $20 to $40 million.

Hard to value the company as an ongoing business, since it isn't profitable.

$55 million plus $40 million equals $95 million, dived by 217 million shares, you get about 44 cents a share.