Amended Fairness Opinion News Release & Amended Report came out after the Mkt. closed on Monday. To cut to the chase, the amended report says SCMB valuation is zero. Following is a summary of the material provisions of the Valuation.
"...The Valuation concluded that the fair market value (defined as the highest price availablein an open and unrestricted market between informed and prudent parties, acting at arm’s length and under no compulsion to act, expressed in terms of cash) of SCM Berta as ofFebruary 28, 2018 was between $2,650,000 and $2,940,000. After adjusting for shareholder debt of approximately $25,291,000 outstanding as of such date, the Valuation
concluded that the fair market value of the shares of SCM Berta was nil."