Haviland Enviro Corp V.HEC

assets

[logical1234]

Reading the last quarterly report (Aug 12), it looks to me like the company has $98 million in assets, and only $30 million in liabilities. Which gives a net asset value of $68 million. Am I misunderstanding something? Sure they're going to have to spend some money to develop the new products, but so does every R&D company until the new products come in. (So does every oil and mining company.) $68 million in assets gives a good fallback cushion. Surely somebody from the States can see the value if the Canadian financiers are trying to squeeze them.