Post by
Bruceforever on Jul 11, 2017 12:37pm
Current Market Cap at $0.09 = 8,7MM fair value
Last 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
Comment by
Chutzpah on Jul 11, 2017 2:13pm
At this pace of buying you should soon demand a sit on the board too so you can join Brucey on his fave passtime.....