Regarding the "real" value of this company, I saw this in a company press release:
{{ December 22, 1997 -- Tseng Labs, Inc. (Nasdaq National Market:TSNG) today announced that it has acquired four million shares of its common stock from Jack Tseng, the Company's former President, and members of his immediate family, in a private transaction valued at $5.2 million, or $1.30 per share. }}
If anyone pays more than twice that amount for a non-operating company, they don't know much about "investing".
Hope springs eternal! Meanwhile, the magnificent 7 continue to swim, practicing their money backstroke. Maybe they should move the headquarters to Scottsdale, AZ, so they wouldn't have so far to travel for great golf. Swimming in money can be so tiring. |
