No, that's incorrect. Fair market value is what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.
That would be .0001 - .0002.
MEXP has NO revenue. Now let's consider what revenue we KNOW AWS to have.
ZERO.
We STILL have not received the "forthcoming" numbers.
I was merely pointing out that this is MATHMATICALLY undervalued. For it to be mathmatically valued fairly it would be trading at .0004 with no revenues from AWS. Since we have confirmed that AWS has been selling products via from a phone call from me and another poster here, it is obvious that this is undervalued.
As far as the convertable debt I addressed that, that would fall under the 1.2 million in liabilities. As far as MEXP owing more then the boat is worth please post a link. And if they are selling stock to satisfy that debt then our liability should fall as well.
I know quite a bit about investing in liens. When was the lien placed may I ask? What proof of lien do you have? How do you know that lien is for more then boats worth?
Also if the boat is rotting like you have claimed simply get a picture and I will believe you. We have photographical evidence showing that the boat is in good condition. Those pictures were from less then a year ago. Please post your photos of our ship that is rotting as you have claimed. I will gladly believe you if you have proof.
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