coretrack - a remarkable story, page-17

I too, have been looking at the figures, but doing so in the bear case.

Cash, say $3.5m
Owing $3.2m
That leaves $300,000

I have written off the big drill, assuming they won't get it back (they might but best to assume they don't). I have also written any payment from NCM off (bear case)

I have assumed that the company gets $3m from their sale of assets (may be worth $11m at the best of time or on the books, but $3m in a fire sale).

That leaves $3.3m. I am not sure if redundancies have been paid - say another $1m?

If the company has an endless court case, this could be bad, and costly. A judge could ask the parties to mediate, which seems sensible, or could ask the companies, post-mediation (assuming that mediation is unsuccessful for two companies/personalities digging in) to have a conciliation, where an arbiter decides.

I get the feeling that CKK doesn't care about the drill anymore and wants to move on? I may be wrong.
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On a CKK trading basis, there is a seller, which makes buying CKK a risk. "Value" proposition or not,whenever there is a seller (and CKK has fallen most days lately- even this thread was started @ 1.7c only a week or so ago), then the SP could fall to anything.

Even if the company got $7m for its goods, if it gets barristers etc for court, well... ow can one deetermine value?

Can people check my figures, please? Not my strongest area, the figures bit.