Battie Thanks for your reply- I can see why you are so negative with that pro-forma- I think you are too conservative, but thats what makes markets. Lance & his Management team, including the board have done one super job in turning this company around. I believe they will continue to do so in the foreseeable future. When one values just Streetlinks alone with projected Revenues of $200,000,000.00 for 2012, Growing Revenues at over 200% and if they did 9 cents in Gaap earnings in 2012, my guess they would be selling at close to 1 times sales or 15 to 20 times earnings, or a market value of $175,000,000.00 to $200,000,000.00. ((Just my Opinion & WAG)) So in my opinion you get Advent.Corvisa,Mango Movers,the Bond portfolio and in excess of approximately $100,000,000 in potential tax losses for the price of ZERO. Right now NOVC is selling at .69 cents a share Times 92,000,000 shares outstanding equals around $64,000,000.00. Therefore you can see why I am a STRONG BUY as I feel the market has discounted its value, because of its past as a sub-Prime lender.
Kirby |
