We are not using the correct Math to evaluate Liquidation Value of RODINIALet's try this:
Current Capitalization....................................$1 Million
Value of PFC Shares say...............................$300,000
This leaves a residual value of land at............$700,000
We are entitled to acres...................................20Million
Value per acre 700,000/20Million....................$0.035/Acre
Assume .....1.00 per acre for the land/leases, then
Leases are worth............................................20Million $$$
Given that we have shares outstanding 100Million
Value of Company is $20Million/100Million or.......$0.20 ignoring accounts receivable and PFC Shares
Given curent price of $0.01/share, $0.20/share looks great.....................I am not sure that $0.20 is correct, I think that the value is much higher than that, and it should be up to management to clarify this as quickly as possible with a professional opinion, after all the strategic review has obviously taken this into account. I would like to ask for an investigation, as to why management has not taken the liberty to issue a press release that shows the value of the leases as of today. Furthermore, they should state that they are now in liquidation mode as far as the leases are concerned. After selling the leases for the correct value the Company may be able to reinvent itself and continue, or it pays out the residual cash to the shareholders.