Yes, I agree. After the uncertainty, the stock will fly.
Let's analysing the stock in another way---How much the Grande Group (the parent company of GTTIF) paid for its 5,212,500 shares (about 28% of the issued shares). Before Grande took over GTTIF (former MTCEF), it owned 533,500 shares dated on November 21, 1994. I believe that they bought them in very high price, saying $10 a share. In order to get the deal, they bought another 1,379,000 shares in the end of 1994. The price, I think, is about $4 a share. After the take-over, they bought 3,300,000 shares at $3 a share. Hence, I think that the average price they paid should be about $4 a share. That is, they have invested about $20 millions already for this company comparing with the market value of this company is only $14 millions at present. Right now, the situation of this company is much better than 3 years ago---Lawsuits are going to be settled in schedule; The bad businesses are cut off; The new businesses are set up; The extra Japeness stock (Nakamichi) are big plus for the value of GTTIF; Huge tax benefit are worth more than $20 millions. In addition, we just pay less than 1/5 price which Grande paid 3 years ago. I just could not see any down side danger at such low price. I believe that I am the second biggest share holder in this company (The first one is The Grande Group) and I am still a buyer in such low price. Next year, hope that we all would be very happy.
Albert |
