Thank you for that. It appears as though someone is accumulating at 1.4. Wall is being put up at 1.5c. Any news on another project, SBB or dividend this should move.
To put things in perspective and thinking of the current EV at this price the company has enough money to buy back all outstanding shares.
Simply put, a negative enterprise value means that a company has more cash than it would need to pay off any debt and buy back all its stocks in one go, if it really wanted to. No wonder it's called the takeover value; even though you would not actually be able to get a publicly traded company to pay you to take it, who wouldn't want to buy a company with a vault of cash in the basement? Most of these companies don't maintain high negative enterprise values for long, since all that cash sitting there isn't really doing anything for the company or the shareholders, but this measure can be a useful assessment tool given the right circumstances.
Negative Enterprise Value: Does It Really Mean Money for Nothing? (yahoo.com)
Realistically I would like to see another project hopefully soon from the latest engagement.
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4 | 1189742 | 0.006 |
2 | 1000000 | 0.005 |
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Price($) | Vol. | No. |
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