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To: Taki who wrote (853)1/16/1999 10:18:00 AM
From: slyfoxhunter  Respond to of 1241
 
Thanks for your insight, I am in with 29,000 shares and will hold
them strong. Buy the way do you know when their year end statement
will come out?



To: Taki who wrote (853)1/16/1999 11:01:00 AM
From: sandstuff  Respond to of 1241
 
10 million float, with assets, for sub 10 cents. Just love buying at bargain basement prices. Will be adding more into my speculative account...



To: Taki who wrote (853)1/16/1999 12:59:00 PM
From: SnakeInATuxedo  Read Replies (2) | Respond to of 1241
 
<< I like the fact also of the $18,000,000 in assets with only ten million shares outstanding. That comes out to $1.80 per share, so I see a lot of value on a .06 stock with $1.80 per share book value. >>

Do you understand accounting at all? Not that anyone really believes there are only 10 million shares outstanding of this little arf-arf, but book value is not simply assets divided by shares, it is the excess of assets over liabilities, in other words "shareholders' equity" divided by shares outstanding. So I suppose next you're going to tell us this company doesn't have liabilities?