RF Capital Group 5 Year Rate Reset Cumulative Pref Shs Series B T.RCG.PR.B

valution ridiculous? Way undervalued?

[astutein]

Can any one provide explanation.?

When RCGwas established expert  valuators put a conservative value of$ 425,699 for 100% of GMP Richardson.  175,909,000  shares at $ 2.42)

Now trading at $ 1.70 times 155  million  shares  ( 175,990,000  minus sharebyback of 16  million.or a value of $ 1,70  x 155 =  263 million. 

assets under administration has increased the last three months from28.1 billion to over  31billion as reported by company.

Anyone want to take run at above?

[SamRothstein]

I believe it is just more selling from people that bought in really low from March to July.  They got a lot of their shares bought in tender but they are selling the rest which is keeping downward pressure on shares.   The good news is that they just hired what looks like a fairly high powered CFO from Equitable group, and they have also beefed up the board of directors with what