Wiserob,
Can you elaborate on your post please?
My info shows that they have increased shares outstanding from 200m to 300m in 3 years, but they have increased their shareholder's equity from 120m to 1,234m in the same time.
This means that their book value has increased from 60c to $4.30 in that same period.
Have they substantially increased the amount of shares since then? Or have they written down millions in overvaluating assets or something? Maybe I have missed something here???
I don't mind them issuing more shares as long as their book value is heading north.
Still looks like a bargain to me if they can maintain their loans.
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