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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Money Maker (MM) who wrote (30385)	8/11/1998 7:52:00 AM
From: Yo Yo	Respond to of 34592

MM, Let's cut the crap about good will. My financial accounting Prof defined it much more eloquently than the PSAI 10K. "Good Will is the Ball and Chain on a balance sheet to remind management how much they overpaid for purchasing an overvalued asset" The only time book value can be used to assess relative stock value is when it is tangible and realistic. Good Will can be, and often is, written off in a heartbeat. And when there is no tangible book value it comes down to cash flow from operations which is very uncertain at PSAI. That is why the price is at $3 3/8. I'm not saying that it's cheap or expensive, I'm just saying that the book value reference was not valid. These assets were purchased at very high prices. Best of luck on PSAI, it doesn't actally look that bad. That whole sector is getting trashed right now because of the uncertainty. Yo Yo