""Just withing the last year, we have gone from her stated book value of .08 to .02. ""
I was waiting for someone else to notice that! So her view of book value of the company fell by 3/4? Why? What changed? The dilution only accounts for about half of that fall!
I still question even the 2 cent value.
Emax, if you want to rant about a 2 cent book value, then show us how it was calculated. If it is reasonable, it will only help the stock price! (of course, this will never happen as I imagine there are more holes in the 2 cent unaudited book value than in a slice of Swiss cheese!). Come on Emax, you rant about wanting to be uplisted and reporting! Well publishing this info is all part of that world you claim you want to be in! So open up, let us see what you have there! Why the fear?? Something to hide??
I will say this 100 times if I need to (I haven't said it in months). YOU CAN BET YOUR LIFE that if this company REALLY had a book value of 2 cents, it would no longer be public. Either the CEO or a fund of investors would buy it out for the assets. You would open the books to a bank for a financing firm, and they would lend you at least 20% easily, cutting them in on the assets if you had to. You could then buy out this POS for $0.004 and reap the gains with no risk. AND if the CEO did this, it would cost her HALF as much, because she owns about half the stock already.
Is anyone silly enough to think this company's assets are worth 2 cents? PLEASE!
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