Cash comming in soon. $1.49 cashSupposed to close this week with API share sale at 8.35 share, which is about $1.49 per share cash.
Wow nice $18,892,900.00 cash comming in. Lets say we spend 25% buying back shares for cancellation which should be buying 1,500,000 shares at about $3.00 average to reduce outstanding from 12.7 mill to about 11.2 mill shares and NAV goes from $4.06 currently to about $4.20 NAV which is 82% higher than current prices. That leaves about $14,500,000.00 for investment purposes and it sounds like Tom has committed $3 mil thus far so that leaves $11.5 mill for careful investing purposes. Its a matter of time to get the value unlocked. Keep purchasing at these levels is a nice feeling. If you can find me a better stock to purchas with the amount of underlying value behind the holdings post it here for all. I would be very interested in it. Spend the money wisely Tom. My daughter want to see $10.00 a share with a 7% dividend within 4 years thanks. Wishfull thinking? Maybe not, there are wonderful opportunities when you have cash which is what FNR will have now. All in my opinion and I have put my money on my words, oh and my daughter has also.