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YAN:CA V.YAN



TSXV:YAN - Post by User

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Comment by Alucky_Oneon Oct 08, 2009 1:01pm
333 Views
Post# 16373986

RE: RE: are

RE: RE: areActually as per point 4, we would be issued shares based on the current NET ASSET VALUE which I would like to know what it is?

I was thinking perhaps the Book value which is 0.31$ as per SH web site, which would make sense. When I take their 2008 financial statement and Substract their liabilities ($24,452,000) with their Total assets ($44,081,000) and divide by the shares out ($75,560,000) and that gives me 0,32$ per share.

Does this make any sense ?  In this case, I am not selling at 0,025$ for sure....


A(perhaps)lucky_one
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