RE: RE: RE: RE: RE: RE: This morning's conference Even if I agree to the forward looking value, which I don't, you are not including the liabilities. May calculations they must be carrying massive amounts of debt on balance sheet. GE was only one of the debt. I suspect they have unpaid advisory bills, personnel costs, etc. The legal bills to defend against the claim in Alberta must be in millions. If you factor in all those. FVR would easily wipe off any of the money coming in as the payment from Pattern. The working capital needs of the company going forward is never factored any of the calculations.
I still think that the only way for them to do anything within FVR is to find a deal and have the deal owners back into FVR to provide the current shareholders an upside. In the process they should get rid of all the management and provide a fresh start. It is beyond obvious that Jason Bak and be rest of the management team along with the board failed the minority shareholders.