Can you please point out what part of this you don't get?
Book value does not equal real value of a company. Book value is a pure accounting measure.
In 2017 (and beyond I suppose) the current company value is more accurately measured on discounted estimated future cash flows.
What is more likely than not happening right now is that SGH and our new lenders are trying to work out that true current value of SGH.
Not easy when you have this in the mix:
- a life after restructuring and performance improvement plans
- escrow worth a possible 50mil Pound
- a CA from MB and ACA
- a possible lawsuit from SGH against Watchstone and/or our UK purchase advisors (could be worth 100s of millions of dollars)
- CA against Volkswagen in the UK
- NIHL
- other.
If you think that we are worth only $0.09 based on the above.
That says more about you and your associates than about me
Substance and patience is the key.
I am back. So is SGH, page-787
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