GREY:SCPZF - Post by User
Comment by
presto10on Feb 03, 2009 12:11am
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Post# 15747281
RE: RE: RE: SCP is worth $ 3.15 in just cash
RE: RE: RE: SCP is worth $ 3.15 in just cashHi username007,
I should have been more clear. Yes I read the article but what I was referring to is that it is unwise to refer to a cash balance and imply that that is 'free and clear'. That $ per share does not take into account the payment that SAM will earn on the PBS transaction that occurred post Sept 30. It does not take into account the $30 million future tax liability that was accrued in Sept in recognition of the October portion of the PBS sales. I do not believe it takes into account the $ expended for the 5 million shares of SCP, which SCP retired post Sept 30th.
Don't get me wrong, I own SCP and it is a very interesting, exciting and undervalued play that I like a lot. But I don't think its fair to infer that it has $3.15 per share without any liabilities.
presto10