Hi ASF, if no bid has emerged, at any level, after all this time, then my conclusion is that the company is all but worthless.
Assigning $50m value to the equity for hope value and the fact that there may possibly be a debt restructuring, gets me to 8-10c.
Back of the envelope, I know, but I don't reckon it's far off, and could be on the high side too !
interpretation, page-11
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