The REVS from the core business was in decline as of Q2 and that is all that is shown. However, REVS from BDC activities have increased which is not shown and wont show up until we see Q3 on 8/15. Also, I expect that the value of the assets will also increase because they were devalued from $10Mil to $3Mil as per the Dotty Scott report. According to the report the devaluation was primarily due to the excess Preferred shares that were retired and the excess commons that were also retired. Also that the assets had never been sold on the open market before. With that in mind we should see a jump in value of both the assets and the valuation of the company if not on the next Q then for sure on the audited annual report. Bottom line, The wholesale value of the assets (sports memorabilia) is over $7Mil!
I challenge you to show us another OTC company that has a solid asset base and zero debt like CDFT! I don’t think you will find one but let us know if you do.
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