And, the fact that the company was ran into the ground 2.5 years ago also has nothing to do with the current valuation...
And, so you know... You are quite off with the concept of how wall street valuates stock...
It is called mark to market (at the current moment), meaning that the stock is worth whatever the stock price says it is.
NOT what an individual trader wishes it was so that he can get (back) in at well below what the actual value is likely to be.
Let's take this a step forward...
Let's look at the stock UXG... This company has not made a single dollar since its inception. And the financials show it. And yet...
It is NOT worth .0001 as you would suggest it is.
ALL stocks are valued based on potential growth, NOT current success.
*cough* Pwned.