RE: Further Reverse Dilution happened on Jan23Good call mtsuit.
So including warrents and options.
((102 *0.94) + (42 * 1.00) + (5.9 * 0.80)) / 150 = 0.95 NAV Fully Diluted.
Pretty much the same without the warrent/options then :P
Warrents dilute. They raise cash.. but they increase share count.
So your earnings divide (or dilute) across more shares.
In theory/design they are meant to be neutral to the market cap.
Course these guys turn cash into great things... but that takes time.
So insanely undervalued. But thats what I look for... undervalued simply because no one is playing attention... and wait for a correction.