Hi sumterrance, a stock is only a loss or total write off if debt exceeds assets/ cash. This is not the case here with 1pg we still have 28 million in the bank and no debt. If we can't get a buyer, we just look at alternative business/buy shares in an investment or sorts/ change business name. Anything. I just hope we get some value for the database and millions of dollars Joanna poured into this idea of her Dad's. I am sure this has been a big learning curve for all holders.
I have a lot tied up in this stock, like everyone I just want most, if not all my money back.
Cash value
Accrued tax losses
Intellectual property database
.?
It has to be worth something, the fact that Joanna has cash out 2.5 million dollars at 17 cents and merchant , chapman and mcgrouther are buying at 17 cents give me some level of confidence that this can be salvaged and it's worth more than 17 cents, otherwise why would they buy.? 25 cents is my magical number, sorry to guys holding at a higher average.
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