The Stock Worth question...
remains a question till we know how much debt
is going to be left after all is said and done.
However, even looking at worse case scenario,
and taking in account the Low OS, and tiny
Float, I think a reasonable PPS worth should
be in the .90 to 1.05 range.
Other variables come into play, but as we all
know in this business, nothing is for sure.
As Duelittle already stated...
If they do retain $15 Mill over that...and the
o/s is in the 15M mark too, that would put the
share value near $1.00...with NO multiples even
factored in.
IMO, this is worth 1.00+ and the next 6 weeks
will give us an indication of what is to come.
Hope this helps...
VLF
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