GREY:LFDEF - Post by User
Post by
Retrace1on Jan 11, 2019 11:40am
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Post# 29218892
Are we below liquidation value yet?
Are we below liquidation value yet?This is getting ugly... intraday low of 11c.
Q3 BS --> liquidation value
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ASSETS:
cash 7m --> 0
restricted cash 16m --> 16m (tied to debt)
LIABILITIES:
bank/other loans, current 15m --> 15m
LTD, current 6m --> 6m
other financial liab 6m --> 6m
LTD 25m --> 25m
conv debt 7m --> 7m
deriv financial liab 16m --> 0m(?) (fair value of warrants)
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-43m + liquidation value of Deimos
Demios acquired for 100m
Liquidation value 75m???
-43m + 75m = 32m
200m shares outstanding
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liquidation value = 16c?