RE:RE:EW Q3 Results Summary. Trading Well Below Cash/Asset Levels100% it is, we are trading below cash value, not including the investments or oil properties. But Julian thinks it's going bankrupt soon, which is pretty mind blowing when you think about it. Based on their cash burn, assuming everything is constant from last quarter, it would take several years to go bankrupt. But oil is going up and New Zealand will be more profitable and valuable.