Simple Book Value Alone Gives Us A Valuation Of $.0386/S.
Def. of Book Value:
1. It is the total value of the company's assets that shareholders would theoretically receive if a company were liquidated.
So
$8,000,000(assets) ÷ 207,424,156(O/S) = $.0386/S.
Liabilities, of course, have to be subtracted out lowering the BV.
BV is just a ballpark valuation.