MKII at .09... a thumbnail valuation...
The $6.2 mil Ponderosa deal ALONE makes MKII's market cap at least .09/share:
"An MAI appraisal, completed by C. Michael
Polk & Associates, Inc. in the fourth quarter of 1997, concluded the value of total property was $6,215,000. The purchase price is $4,350,000. This provides the Company with a built-in equity of $1,865,000."
Now the OTHER 9 restaurants and the AT & T deal... well the
valuation could be $1- $3!!! Shorts in BIG TROUBLE... we'll
see .20 to .30 by the end of the day... could gap to $1
tomorrow!!! |
