RE: piggy back - NAV $1.83/shDo the math and check it out. This is still trading for less than a 1/3 of its value. A reasonable (30%) discount would have this trading at $1.28
INVESTMENT QTY PRICE Ext.
ptq 6686000 $0.70 $4,680,200.00
ptq wt 2200000 $0.45 $990,000.00
GML 200000 $0.160 $32,000.00
ADI.H 2900000 $0.36 $1,044,000.00
OTHERS $74,635.00
INVESTMENTS TOTAL $6,820,835.00
CASH & EQUIVALENTS TOTAL -CURRENT LIABILITIES
$286,970.00
TOTAL OF CASH & INVESTMENTS $7,107,805.00
SGE # SHARES OUTSTANDING 3879380
VALUE $1.832