Not even day-tradable anymoreI was expecting the rough net cash left at the end of Q2 to be between
$ 8,522,439
$ 8,522,439 / 90,750,238 shares = 9.391 c/sh
or
$ 8,072,439
$ 8,072,439 / 90,750,238 shares = 8.895 c/sh
However, since micro asks can sit untouched at 9.5 cents repeatedly recently, I'm starting to think even my low estimate may be on the high side. If Bruce can't talk anyone else into buying at that price these days, not even anyone else on the frickin' BOD, then I have to wonder what EUO shares are really worth these days.
I had some stink bids in at 9c and decided to lower them today.
I still like the potential, but man, the market is basically assigning zero value to it these days.
If we had $8.5M left in the net kitty at the end of June, that would mean the market, which traded zero shares today and ignored an ask at 9.5 cents, thinks all of the tech and the SICPA royalty stream is worth less than $0.0011 right now. This market inaction only makes sense if we have a fair bit less than $8.5M left at the end of Q2.
This saddens me. It might even drive me to throw some good money at CHR. This maybe too early to call, but I think it might have made the first step in a bottom turn at the close. I think CDB did as well today. At least they are getting some action and I can envision rebounds for both. What do we have to look forward to with EUO short term? Confirmation of losses for Q2 in August? Nobody knows when management might release some sort of positive share price news, like an XwinSys sale or SICPA GFI deal.