New Seeking Alpha article, page-33

Cool, so you’re calling $0.050 as the bottom. I’m not, and yes, I’m suggesting another 10% to 15% downside from here. It will not be the first time NLI has traded at close to cash backing, in fact its traded at negative EV in the past and that’s when things we’re looking positive, we’ll more positive than how things are looking right now anyway.

Will be particularly interesting when the Jan quarterly comes out. I don’t think NLI will be sitting on $16.8m cash by then.