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03/12/16
01:05
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Originally posted by dubspec
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Look up the meaning of tangible before you make yourself look this stupid. 1PG has almost nothing tangible. The tangible asset it has is cash. If the product is rubbish or gets superseded by something better, the software is worth almost nothing. Mines have a tenement which, although having a life span in regards to mining rights, is significantly more tangible. It has a resell value way more predictable than a tanking software program.
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As tangible assets go, cash is up there ! The software programme I agree is only as good as the returns it generates.
There are plenty of mines that used to be worth $20mil now going for $20k. A Holden Statesman would have better resale value.