Post by
bridgenut107 on Dec 14, 2020 3:53pm
just a quick reminder
WARNING :ALL NUMBERS ARE APPROXIMATE and IMO
all those that bought shares of IDK:
1. prior to may 2019 are only one quarter ( ONLY 25 %) of the way back to breaking even on ther investment capital
Right now they are showing a 70% loss on their orininal investment
2. stock ownership prior to march 2020 and prior to May 2019 ... these investors of IDK are only 40%-50% OF THE way BACK
from breaking even on their investment . (((breaking even !!!!)))
Lastly NAV being reported starting next Jan 2021 has two parts to it :
value in dollars
number of outstanding shares
REMEmBER ....the second number is highy distorted because
the number of outstanding shares are probably 60% less than March 2020 and probably 90% less than May 2019. So when you see a wonderful number like say :
.88 NAV per share in JANUARY 2021 ....remember that the number of shares this is based on is 90% less than those that were existing back as recently as May 2019 ...a scant 18 months ago.
In other words .....if there were now only 1,000,000 shares outstanding i am sure the NAV would impress anyone !!!!! Careful what you read into this NAV number folks.
The NAV on a yesteryear ( MANY YEARS AGO) stock called PNP was very impressive at one time too ...except when the number of shares was so high and then any major hiccup/ failure in the numerator ( eg. like when VGIN went for a massive SH**) created a horror show .
NAV's are only as good as the understanding of the makeup of the private and public companies involved and the number of shares created .
GLTA .....just a bit of history and reality.
Again , maybe this time is different . Looks promising so far .GLTA