RE:I am long frontera, 1diots.. The are trading at 1.5 timesWhat are you saying? Cgx got no free cash flow as defined as revenues left over after paying for ongoing expenses and taxes? Of course CGX got no free cash flow because they have no revenues yet. Don't you see? A stock that should already be delisted based on their financial performance alone is worth almost $ 1 billion market cap. Why? Because the supposed book value does not capture cgx's potential value. You, in your right mind, cannot ignore that cgx's potential value is worth multiples more than its book value based on revenues. Book value by revenues is negative.