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snow

09/03/22 3:41 AM

#7084 RE: Petrejus #7078

Petrejus It is reassuring to read your post. It reduces my uncertainty as to the current situation about this company. Mentally I have a certain need to have some idea as to what my some 8,000 shares in ITUP are really worth. The two most obvious alternatives are the pps when the stock traded which is the range 2-5 dollars per share. An alternative is to assume that the net earnings per share during the roughly two years we have numbers about also represent the net assets per share. Using that yardstick the shares appear to be worth more than 30 dollars per share. If I had received information about the last financial year I might even have increased the number of 30 dollars per share. Since I am cautious in my approach I for time time being assume that the shares are still worth about that they traded at before trading stopped. Grandiose plans are just that. Over 50 years I have seen time and again that such plans never pan out. Therefore my interest currently is as much net assets per share now as what they may be in three or five years.