RE:RE:A basic question tnx SafeInvestor. Would you please add more details on how you came up with your number?
Here is my input that I had shared it months back with small changes:
I think the primary problem of GLH is not its negative EBIDTA but is two fold:
The significant debt it has
The lack of trust by big investors due to its shady records and lack of transparency
Its EBIDTA is better shaped compared to many competitors but not the debts. If the $22 M total liability goes to zero the fair price could be even north 20 cents. This mean x10 increase in market cap. This is a no brainer for investors. If GLH can find new investors paying $20M for 1B new issued shares at 2 cents, all win very fast: the 10 fold increase in market cap means 5x increase in price (in spite of 2x dilution)
Here is were the 2nd problem arise: trust.
Ofcourse the current debenture holders want it all and resist to share the cake. But the dumping game can go eventually against them if the management only consider themselves committed to the investors and adopt transparency.