Thanks for the MNTX info ,
Pica book value end of day Dec 9.99
Book value calculations
I will use purchase price on our private companies even though that may be severely
undervalued.
Private Companies
Softquad 35% interest = 1,250,000 (cost)
Visible Decision 40% int = 1,100,000 (cost)
Online Direct 2 % int. = 150,000 (cost)
Public Companies US
LUMM 1 ,000,000 shares @ $40 1/32 Us x 1.47 = 58,845,937 Cnd
VGIN 1,000,000 shares @ $20 1/2 Us x 1.47 = 30,135,000 Cnd
Public companies Canadian
BFG.V 70,000 shares @ 10.00 = 700,000
ESL.T aprox 600,000 shares @ 6.30 = 3,780,000
MNTX 2,200,000 shares @ 1.85 = 4,070,000
NSII 4,000,000 shares @.50 = 2,000,000
Total Book Value
Assets 102,030,937
Shares out. 10,000,000
Equals $10.20 share in Book value
Current trading price 3.00
Current shares trading at a 70.6% discount to book value
This is like buying shares on margin with out the risk of a margin call LOL! My offer is still on the table , anybody willing to lend me $25 million for a few months LOL!!
Vitalsigns |
