RE: yikes..As per the June 30, 2008 satements Augens Net Equity Value per shares is .25 and not the current trading price.
In fact just the current assets divided by number of outstanding shares is equal to 13.8 cents a share.
($5,045,717 / by 36,557,372 shares)
This valuation EXCLUDES the net investment assets = to about 4 million $ ( 4.4 mil in Investments less 400K in liabilities)
Of course markets have been hammered since June 30th, but basically when you buy Augen you are getting the investment portfolio for free., whatever that value currently is. Augen is getting hammered as it is a small cap with direct exposure to small cap commodities .
If you exclude the 1 time charge and the portfolio loss, Augen lost a total of just slightly over 100K not the 900K ending number shown.
David Mason over the years has never sold a single share unlike other prior insiders. He owns over 3.3 million shares even as the shares climbed over .60. Give him credit for sticking with the company through thick and thin and having the vision. I have full confidence in the business model and once commodities and small caps recover this stock will be a winner.
| Transaction Date | | Nature of transaction | # or value acquired or disposed of | Unit price or exercise price | Closing balance | |
|
| |
| Security type:: Common Shares |
| Dec 11/07 | | 10 - Acquisition in the public market | 20,000 | 0.340 | 3,113,464 | | | | | |
| Dec 05/07 | | 10 - Acquisition in the public market | 10,000 | 0.370 | 3,093,464 | | | | | |
| Dec 05/07 | | 10 - Acquisition in the public market | 5,000 | 0.390 | 3,083,464 | | | | | |
| Dec 05/07 | | 10 - Acquisition in the public market | 5,000 | 0.400 | 3,078,464 | | | | | |
| Nov 21/07 | | 10 - Acquisition in the public market | 5,000 | 0.410 | 3,073,464 | | | | | |
| Oct 26/07 | | 10 - Acquisition in the public market | 10,000 | 0.440 | 3,068,464 | | | | | |
| Dec 17/06 | | 51 - Exercise of options | 200,000 | 0.160 | 3,058,464 | | | | | |
| Mar 01/05 | | 90 - Change in the nature of ownership | -154,000 | | 2,858,464 | | | | | |
| Jun 18/04 | | 16 - Acquisition under a prospectus exemption | 118,889 | 0.225 | 3,012,464 | | | | | |
| Apr 27/97 | | 00 - Opening Balance-Initial SEDI Report | | | 2,893,575 | | | | | |
| Security type:: Common Shares |
| Indirect Ownership:: John David Mason Limited |
| May 05/08 | | 10 - Acquisition in the public market | 25,000 | 0.220 | 50,000 | | | | | |
| May 05/08 | | 10 - Acquisition in the public market | 25,000 | 0.215 | 25,000 | | | | | |
| Apr 27/97 | | 00 - Opening Balance-Initial SEDI Report | | | | | | | | |
| Security type:: Common Shares |
| Indirect Ownership:: RRSP |
| Mar 01/05 | | 90 - Change in the nature of ownership | 154,000 | | 154,000 | | | | | |
| Apr 27/97 | | 00 - Opening Balance-Initial SEDI Report | |