YES, .07 has been justified, read the recent filings. They also have 1 line that explains why the .59 book value does not represent the "true" value of the shares (less).
With >5000 shares, you can get .10 or better right now; if you wait for them to do it (~March 16), you will definitely get (only) .07 per share.
There is a statement that says they can back away from the R/S but I personally would not count on it. It seems that a rather large (80%) holder wants it done.
You got some time to wait and see if someone really wants more, but the market price sure beats the "offer".
Best for you tosSpend some time and read what its says instead of relying on my opinions only.
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