OTCPK:SPVEF - Post by User
Comment by
nilyabon Sep 28, 2011 2:46pm
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Post# 19094642
RE: Can you Bid $0.00???
RE: Can you Bid $0.00???Perhaps the worst case scenario is one in which the Chinese ask Spur to go for the 49% option, and Spur refuses due to the risk of pouring all its cash into China. But, I doubt if Spur would go for that, if China is such a poor risk for them. That means that we are likely, with a reasonable worst case scenario, still about 10 cents below cash value, for a company that doesn't have to have any burn rate at all.