Nice move by VGIN today +3 3/8 to 31 3/8 which helped give us a 8% boost to our BV. One of these days (Very soon) this stock will take off.
Updated Book Value as of December 17.99
Pica book value end of day Dec 17.99
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 @ $24.25 Us x 1.47 = 35,647,500 Cnd
VGIN 1,000,000 shares @ $31 3/8 Us x 1.47 = 46,121,250 Cnd
Public companies Canadian
BFG.V 70,000 shares @ 9.75 = 682,500
ESL.T aprox 600,000 shares @ 6.90 = 4,140,000
MNTX 2,200,000 shares @ 1.25 = 2,750,000
NSII 4,000,000 shares @.45 = 1,800,000
Total Book Value
Assets 93,641,250
Shares out. 9,000,000
Equals $10.41 share in Book value vs Yesterdays BV of $9.60
Current trading price 2.90
Current shares trading at a 72.1% discount to book value
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