RE: RE: Cash Value/share. That was BEFORE H.B.E.D BOTCHED the drilling on the downplunge and failed to prove up ANY more ore (or release results on Super Zone) and before lawsuit/claim was filed that potentially jeapordizes their 30% stake in Reed Revenue.
Actually cash/share value is .06 cents.
There COULD be potential upside here but....I am quite happy I exited @ .27....I HATE being a bag-holder in a penny stock.
VMS's own lawyer stated YESTERDAY that August/Sept would likely be the earliest that VMS and DUNLUP will see inside of a court room......Therefore it will likely take a few months or more for the judge to render his/her decision....therefore.....Lawsuit/Claim is unlikely to be settled in 2012, and we are on cusp of Summer slowdown and slumping Copper price.
This all means there is a VERY DARK BLACK CLOUD hanging over this stock for the likely the rest of 2012.
IMHO, one could save himself alot of grief here buy selling at .21 and re-entering in .15-.17 cent level, which we will likely see if Greece, Spain and Italy contagion spread to China this Summer.