GREY:NOVUF - Post by User
Comment by
Pokerchampon Jul 18, 2013 12:12am
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Post# 21614646
RE:RE:Interesting tweet on Torc OIl purchase
RE:RE:Interesting tweet on Torc OIl purchaseWhat would be the value of the company telling you that it's worth $400 million. How would that change your view of the situtation?
Never, ever has a company come out to say that their advisors valued the company at X and that they're going to look for someone to pay them X or X plus Y. It would be counterproductive and not in the best interest of shareholders. The interest of shareholders is not to know what the company things it's worth, but getting the highest price for those investors.
If you really, really wanted an expert opinion on what Novus is worth you'd need to hire a firm specializing in that business and they might be able to come up with something, but only based on information that Novus has made public.
So far published articles on the company have suggested a value in the $1.50 range. I don't think you'll get anything from the company so stop whining about it.