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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market
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To: Kelly Igou who wrote (4362)5/26/1999 10:05:00 AM
From: SCOOBEY-DO  Read Replies (1) of 4767
 
Hi Kelly,
How do you calculate the book value of ETPI? When I calculate it, I come up with $0.10.

>>And I really don't see a downside, since the book value of the assets is a little less than double the share price.<<

What I did was to take the net book value as shown in the annual report of $3,051,182 and divide it by the number of shares outstanding of 29,484,108. (3,051,182/29,484,108=0.10348)

Thanks for your clarification.

Go ETPI!! Scoobey
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