JR & Alises I'm disappointed you missed this one... I've seen your name over the years on several boards for micro caps with fcf and strong balance sheets, but I think you missed this one- EUO. I held tna from 0.12 to 0.20, now I bielieve EUO will be the next winner. Refer to simple analysis below.
$5,410,306 cash (March 31 2018)
$500,000 (lets say in salvage value from investories,r eceivables etc.)
$3,400,000 (from SICPA SA in the coming months/ NR from July 31, 2018 )
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$9,310,306
Minus...
$1,269,745 liabilities from March 31 2018)
$1,000,000 lets say to include severance of the staff in Israel, working capital of the next Q and other discontinuation related costs (hopefully its less than that, but lets be conservative)
That leaves us with roughly 7M cash by Jan 2019. $7,000,000/90,750,238 S/O = 0.077 per share
Good luck finding a better opportunity on the venture right now. We are talking about cash dollars.
Not really that big of a risk, but its still the venture... do your own DD.
GLTA my friend