You are obviously not familiar with the term NTAB DubSpec. Possibly also not with the term 'speculation' as opposed to 'investment' which is humourous given the name you have given yourself. Just to enlighten you, NTAB is Net TANGIBLE asset backing. 1PG had $34m in NTAB as at 31st October representing a valuation of .22c per security.
So their day to day business is currently valued by the market at 0. Hence representing a good risk/reward play if they can improve revenue in the coming qtrs and reduce cash burn. Alternatively, they could look to rework their business to include other revenue streams and seek to give themselves flexibility given they are not at the mercy of stakeholders through any debt structure.
If this doesn't come to fruition my view of the business will change as will my speculative valuation if the NTAB drops.
My point is that when I say they have something tangible, they most certainly do.
Educate yourself DubSpec before you start throwing terms around like embarrassing. People in glass houses.....
IMO DYOR
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