KRX - ZERO Risk!I have no explanation why KRX is selling at these levels, but I am 100% sure it will not stay at these depressed levels much longer.
The current valuation of KRX stands at roughly 3 million CAD with the share structure as of 2 June:
Share Structure (asof Wed Jun 2, 2010) | Shares Issued and Oustanding | 12,018,655 |
| Stock Options Outstanding | 932,333 |
| Warrants Outstanding | 200,000 |
| Fully Diluted Share Capital | 13,150,988 |
This valuation is 100% covered by current liquid assets that are:
2,5million Cash
700k CAD in marketable Securities
All project activities are therefore basically for free!