Replies to post #4179 on Redwood Group International (RDWD)

[jerseyboy]

Just food for thought: FSIN closed at 10.44 today. The 90,722 shares SIVC owns are thus worth $947,138. Assuming that the Series B preferreds are converted at 1 for 1, we have potentially 28 million shares outstanding. That value of $947,138 divided by 28 million equals $.034 per share. We closed at $.013. Can someone say undervalued?