RE:RE:Thanks to its CASH & Zero Debt, PDQ's value now is C$0.25+
Actually the financials are even better if you consider that $3 million of the liabilities is actually simply an offset to the assets held for sale and will disappear once the sale is concluded and thus will not require use of the available cash to pay it off. Plus decommissioning liabilities are unlikely to every have to be paid, so debts are actually very small, under $1 million. So take US$14 million cash plus US$2.5 million restricted cash, plus Cdn $6 million and you get about Canadian $26 million in cash if all deals go through, plus some other assets. All this for a stock with a market cap. today under $5 million. Nothing is a sure thing, but this sure looks like a bet where the odds are highly in favor of the shareholder.