RE: $1.20/SHARE
Who is this Idiot?
Adeptron has 100 million outstanding shares.
At $1.20 per share you are indicating Adeptron is
worth $120 million.
Are you on Crack?
Have you read their Financials available on Sedar?
Their total Assets only total $17.3 million.
Granted their Sales are $47 million, but 90% of that figure
takes the form of labour and the electronic components they buy from 3rd parties
to produce their finished products on a contract basis.
for their Clients.
Their own Auditor indicated that for the first time
Adeptron's total Liabilities exceed their total Assets.
So how do you figure they are worth $120 million?
Their one bold, historical move was the California
plants to get access to the US market. That would have given them
their best shot at major growth. However they
managed to screw that up royally.