CashYou must first look at current assets minus current liabilities
not just cash in the last presented financial statements and then
deduct the monthly burn since that date to have a ball park idea
of how much true cash you have today. Then if you are taking a break up
fire sale value you have to deduct a ball park amount for the contractual
severance amount owing our employees if you fired them all tomorrow as they would
be entitled to severance. So .17 is to high and .11 to low.
But hopefully the reason your here is you believe MCNA has some value beyond our cash.
Thanks LLP. So no easy decision for TST.