Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : The ReDOX Wine Bar (RDOX) -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (232)	8/12/1998 10:37:00 AM
From: Arthur Radley	Respond to of 282

Lamar, my recent explanation about the book value issue was unclear in that I didn't explain that the $10 Million in funding is actually a liability for RDOX and would therefore worsen even more the negative book value of this company. Figuring book value that is positive for the company will only improve when the company has positive net assets. I apologize for using the $10million as an asset in coming up with the .22 cent book value. The calculation would apply if the $10M had been an actual net asset. Good luck on you expected news.