Post by
stockbaby on Jul 01, 2013 4:46pm
We are not using the correct Math to evaluate Liquidation Value of RODINIA
Let's try this:
Current Capitalization....................................$1 Million
Value of PFC Shares say...............................$300,000
This leaves a residual value of land at............$700,000
We are entitled to acres...................................20Million
Value per acre 700,000/20Million....................$0.035/Acre
Assume .....1.00 per acre for the land/leases, then
Leases are worth............................................20Million $$$
Given that we have shares outstanding 100Million
Value of Company is $20Million/100Million or.......$0.20 ignoring accounts receivable and PFC Shares
Given curent price of $0.01/share, $0.20/share looks great.....................I am not sure that $0.20 is correct, I think that the value is much higher than that, and it should be up to management to clarify this as quickly as possible with a professional opinion, after all the strategic review has obviously taken this into account. I would like to ask for an investigation, as to why management has not taken the liberty to issue a press release that shows the value of the leases as of today. Furthermore, they should state that they are now in liquidation mode as far as the leases are concerned. After selling the leases for the correct value the Company may be able to reinvent itself and continue, or it pays out the residual cash to the shareholders.
Comment by
stockerz1 on Jul 01, 2013 5:00pm
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Comment by
dirtmerchant on Jul 02, 2013 12:17am
I think you might be developmentally delayed......most transparent pumper ever
Comment by
stockbaby on Jul 02, 2013 2:22pm
I would be interested to know, if there are any naysayers in the crowd..................if they have a problem with the math.................seak up and tell me wherte it wrong...........................SB
Comment by
dirtmerchant on Jul 02, 2013 2:57pm
why are you "assuming" a $1 per acre for land/leases? No one stepped up to offer us anything for the land. The reality is this land is the hardest land to drill and furthesat away from infrastructure. I bought shares in ROZ knowing I had a 5% chance at best for success. It was a gamble and it didn't pay off.
I just hope people aren't investing in this based on your hype
Comment by
stockbaby on Jul 02, 2013 4:10pm
Land nearby sold for over $100.00 per acre....................my posts are no hype..................if anyone believes that this the correct value for the land/lease etc. (That being $0.01/acre)............I have no words for you......................................
Comment by
stockbaby on Jul 04, 2013 12:18pm
Thank you so much, for your intelligent reply...........................i wish you all the luck in the world.......................