OTCPK:EUCTF - Post by User
Post by
Bruceforeveron Jul 11, 2017 12:37pm
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Post# 26456019
Current Market Cap at $0.09 = 8,7MM fair value
Current Market Cap at $0.09 = 8,7MM fair valueLast cash on hand (March, 2017) was $10,3MM
In 4 months, EUO has spent $0.7MM in management expenses + Admin costs
Add here around $0,9MM in R&D
So now fair value is $8,7MM market cap.
In December, my take is around $6,8MM cash on hand with NUGGETS revenues.
This management is going to shut up until cash on hand be around $1MM or so.
This was their plan when they sold GFI. Then, go to Chapter 11.
We all know this Company is going no where. But I hold my ONE hundred shares because I think they Bruce will resign. I hope so.
B4ever