Ann: Investor Presentation, page-17

@gottalovevmt, thank you. Yes, to me it's no brainer to buy shares of a company with EV about Zero, and the company got more cash than its market cap. It's always amazed me if someone consider the daily quoted stock price - albeit pretty thin volume - represents the true value of the company. Not to brag, but in regard with the time, about 3 months ago when I compared Armour Market Cap (at 5 cents/share) to the amount of cash they have in the Bank (and assigned ZERO to the company's other assets), I posted the followings http://hotcopper.com.au/threads/ann...2563445/page-10?post_id=15756280#.VmUvW9BsvzI. It took not more than 2 months to see that even Westside's offering price (at 20 cents, or 400% higher) was rejected by Armour. AEP (backed-up by the legendary Aubrey McClendon) got the prize, combined with Farm-In arrangement they bought 13.68% of Armour's shares at 25 cents (or 500% higher than Armours price 3 months ago). Indeed, no one knows what the future will hold. But those who really love following the market need to listen to what Warren Buffett said "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well".