Oh well! You could be right, or perhaps I could be right. But if merchant didn't like what it saw then it would have persisted with the overhaul of the company at cash value. The fact that they are sticking it out means they see value in the product. Cash value of say 20 cents after the quarterly and as you say youself sell off 1 page for some value. Let's be totally conservative and say 5 to 10 mill? The values the company at approx 30 cents. Any positive cash flows and we're talking 40 cents.
Based on your comments and the current value of cash in bank, no debt and some instrisic value of 1page, then its a buy.
1PG Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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