RE:Book value = 39c ?PeterE wrote: That's still below my cost - but do you guys think there is 39c there somewhere?
(That # was taken from their Q3 investor presentation - dated Nov 4)
A huge chunk of that 0.39 book value figure is deferred tax assets. IMO, when you look at book value you're mostly thinking of liquidation scenarios / downside protection. In that case I think you want to be really conservative with intangible assets. I treat these deferred tax assets as zeros, myself.
Universal Mcloud had a news release recently that indicated they were getting near to closing the Agnity acquisition. Will be happy to see that come to pass. There are a few significant threats to FlowCap on the horizon: debentures due in less than a year and loss of income (and quite likely capital) from the Solar Brokers and Expert Homes investments.