<rambling> Don't worry about that, ramble away.
I keep turning this over and over in my mind...
DPII: Net tangible assets are
$94 million at year end 2005;
down from $101 million previous quarter.
In the event that we divest the various operating assets of the company, it is possible that we may not successfully recover the $8.8 million of total long-lived assets (excluding restricted cash) that are reflected on our consolidated balance sheet at December 31, 2005, which may result in future impairment charges up to this amount. There are one or more viable alternatives that would not lead to a loss on the recoverability of our long-lived assets. In the event that we engage in a merger or acquisition transaction, it is possible that the value realized by our shareholders in such a transaction might be significantly less than the $95.1 million of shareholders' equity recorded on our consolidated financial statements as of December 31, 2005, due to the fact that our market capitalization is significantly below the book value of the our shareholders' equity. Lastly, in the event that we are unsuccessful with the divestiture of our assets or are unable to successfully conclude any merger or acquisition activity, it is possible that our Board of Directors could decide to liquidate all of our assets, in which event the value realized by our shareholders would be significantly less than the $95.1 million of shareholders' equity recorded on our consolidated financial statements as of December 31, 2005.
I know it is useless to kick myself over and over for
this, but dang, I am coming up on a year in this stinker...
I suppose I will break even, which is something. |
