CRWJ alert, .03 now. Book value .30 .40.Bought 25k at .03.I think imo is cheap, if book value alone .30 and .40.
Shares out 60million.
60 million x .03 = 1,8 $ million cap, way lower than
book value of $18 to $24m in the PRs below.
What is wrong with that?Or Am I wrong here?
(BSNS WIRE) Chartwell's Assets Appraised at $18M to $24M
Chartwell's Assets Appraised at $18M to $24M
Business Editors
DENVER--(BUSINESS WIRE)--Oct. 2, 2001--Chartwell International,
Inc. (OTCBB:CRWJ), a publicly traded holding company, has received an
independent valuation analysis of the corporation's net assets. The
report was compiled by Callard, Madden & Associates (CMA) of Chicago.
CMA is a highly respected 25-year-old investment advising firm
specializing in the field of valuation forecasting, research services,
and data handling tools for portfolio managers and corporate managers.
CMG's database includes 7000 U.S. and Canadian firms covered by
Compustat. Current and former clients include Allstate Insurance
Company, Deloitte & Touche, Kemper Financial Services, Price
Waterhouse, and Scudder Stevens & Clark, to name a few.
The analysis provided a high and low range of the five principal
assets owned by Chartwell International. The range has been determined
to be between $17,867,300 and $23,938,400. Based on the total number
of Chartwell shares outstanding, this would equate to a per share
value of $0.30 and $0.40.
The five assets, and their respective values, based on the
baseline (median) assessments, were as follows:
-0-
*T
College Bound Student Alliance Corp. equity $9,732,400
Gypsum asset $5,477,000
Tax Loss Carryforwards $3,600,000
Royalty Income Stream value $2,240,000
San Diego Real Estate, net $ 984,000
*T
The Company is a fully reporting issuer, and Chartwell's common
stock is quoted on the NASDAQ Over-The-Counter Bulletin Board under
the ticker symbol CRWJ.
Company Website: www.chartwellinternational.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical are forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements.
--30--AMP/la*
CONTACT: Stock Enterprises for Chartwell
Investor Relations, 702/614-0003
stockenter@aol.com
COMTEX) B: CHARTWELL INTERNATIONAL INC - Retains Investment Banker
B: CHARTWELL INTERNATIONAL INC - Retains Investment Banker
New York, New York, Jan 09, 2002 (Market News Publishing via COMTEX) --
Chartwell International, Inc., a publicly traded holding company, reported that
it has retained New York-based Alberdale LLC as its investment banker.
Alberdale LLC is a corporate finance advisor serving the financial and business
management needs of emerging growth and small-cap companies. A specialist in
implementing major transaction-based initiatives on a multi-national scale,
Alberdale's comprehensive services include: public and private equity fundings,
strategic business planning, management consulting, mergers and acquisitions,
restructurings, fairness opinions and corporate marketing. Through its network
of offices and affiliates in the U.S. and Europe, Alberdale provides
multi-national business development and capital formation services on a level
seldom available to small and emerging growth firms. Alberdale LLC operates
offices in New York and Florida. The Company's international operations include
London, England, through its affiliate Alberdale & Co., with additional
affiliates in Barcelona and Madrid, Spain, and Frankfurt, Germany.
"We are delighted to form this relationship with Chartwell International,
providing the comprehensive international financial expertise they require,"
said Anne Marie Dunphy, Managing Director for Alberdale LLC. "Our capacity to
provide international merger and acquisition, financing and management
expertise, services usually only found in larger financial service firms, yet on
a personal level, meets Chartwell International's exacting mandate standards. We
look forward to working with Chartwell International in the completion of their
first strategic initiative."
Dr. Janice Jones, CEO and Chair of the Board of Chartwell International, stated,
"We are very pleased to have Alberdale representing us on Wall Street. Their
professional knowledge and experience, past accomplishments are formidable, and
we welcome their representation."
The Company is a fully reporting issuer, and Chartwell's common stock is quoted
on the NASDAQ Over-The-Counter Bulletin Board under the ticker symbol CRWJ.
COMPANY WEBSITE: www.chartwellinternational.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements.
CONTACT: TEL: (702) 614-0003 Stock Enterprises
James Stock, (Investor Relations)
Email:jamestock@aol.com |
