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Microcap & Penny Stocks : MACE (Mace Security International)
MACE 0.0157-6.5%Dec 6 4:00 PM EST
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To: J R KARY who wrote (54)6/9/1998 9:02:00 AM
From: gcrispin  Read Replies (2) of 143
 
Thanks Jim. I appreciate you delving into the numbers. I see where cash is 60% if earning assets. How did you calculate book value at 3.00 on roughly seven million shares? Where do the other two dollars in assets come from?

It is obvious that they are going to buy something. The first two stores were bought in early September. Then another one was added later. This is a GUESS, but net sales might be 1.2 million on an annual basis. They need more stores, and/or something else to sell in those stores.
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