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01/16/14 1:34 PM

#14520 RE: TheHungryHippo #14519

WOW AMAZING DD are you an accountant ,cpa?? amazing dd

to dig up so many filing and read them is just out of my league , you must be a forensic cpa thank you
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iloinen

01/16/14 3:15 PM

#14542 RE: TheHungryHippo #14519

Keep the faith man, actually hope it works out for you and everyone else. I don't see it all the same way. Asking questions and taking a sceptical approach to investigating investments is just how I go about it. Try not to get married to a stock, though it's hard to keep emotions out entirely.

You managed to put me onto to the whole Patriot Growth Fund, LP et al. v Frank Kristan case which was the dreary end to his $50 management days, ending in a $3.6 million judgement against him, years of legal hassle and eventually the bankruptcy which is the reason he was paying off creditors with Ludvik stock in the first place.

Does creditors agreeing to take $1/share for stock they've been given automatically assign a value to the entire company? Not sure about that. Once again, Frank set the price and paid it himself. What was his motivation? Why not just give them cash? An odd arrangement if you ask me. I'd have to know more to agree with your hasty conclusion. The asset's listed at $7.7 million in the 2012 annual, so that's all I know.

The calculations about Ludvik's value in your latest post include a lot of assumptions I'm not going to waste any more time looking into.

Best wishes.