Yeah sure, they are burning cash inefficiently and excessively, but with present Market cap at $17 Million, leaves it $11 million short of its equitable intrinsic value of WA1 held shares alone, and that is after those WA1 shares sold with a 30% tax rate deducted,
So even with the over excessive cash burn and including other assets held on top of WA1, then really it is undervalued.
It is strange considering not too long back, 6 months there abouts it was trading in excess by $millions over its value of WA1 held stock.
Hoping those days may return.
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