For those readers interested in analysis...
In my previous post regarding EPS and book value, while the EPS
projections incorporated all the acquisitions to date, the book
value analysis was per their August 18th earnings statement and
did not incorporate their recent acquisitions.
Until the company discloses full financials with regards to all
their dealings, it's just not possible to come up with a reliable
book value estimate.
With every acquisition, additional shares were undoubtedly issued
and this number could be just about any number you can pull out of a
hat.
However, for the winery/vineyard acquisition, we have a known asking
price of $1,450,000 for the property. Using this figure, guessing that the number of shares issued is now 15 million, and that perhaps 20% (or $290,000) of the sale price was paid in cash and the rest in
stock, this would be an increase in assets of $1,160,000 or 7.7 cents
added to the book value per share.
It my goal to be as accurate and thorough as reasonably possible
using available information. I do not want anyone to be mislead. |
