If you've read my posts on that subject, you'd know I've pointed out many of the variables that might alter the meaning of the $0.50 a share they paid for FECOF shares in Jan 2010.
When I look at the issue, including the facts in the trade-offs that have occurred between that transaction and others that took place, I come up with a probable value applied of $0.25 per share, with "other value" in deal accounting for the other half...
At the time the deal was done, they were probably, of necessity, valuing the impact of the conversion of the GSEC to an SC... which wasn't info that was out in the market then... so, a portion of the pricing was probably speculative. That value was destroyed when the government imposed the "delays" they did... and the market situation now, while it has basically restored the value, didn't have the change in situation paired with a change in the market.
Most of that seems to be that the "whiff" in timing last time disrupted the market function... and there is reluctance in the market to revisiting the issue now...
That is... sort of the definition of how undervaluation happens.
FECOF is trading as a stock that had the rug pulled out from under it... even though that rug has been fully restored to its original condition and position, after having been cleaned up, and even having been expanded and embellished ?
Do your own DD...
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