Ann: CIB announces $30m order, page-73

That's fine, maybe you don't agree with the book value. These however are the facts, not my thoughts, but the current market.

LIS shares owned 290 Mill. Currently worth - $42 Million PPK MC $37 Mill. (LIS shares are at an all time low, so likely they are oversold and undervalued)

CIB ownership of 45% - this financial year alone they have secured $40 mill in Aust def contracts. (excluding contracts already in play and smaller ones we don't hear about )

PPE ownership of 51% - 1st half year revenue of $16 mill. 30% increase from the previous year heading to target of $100 mill in 3 years (basically on target)

WGL ownership of around 59% (with BNNTTL shares included) - Last CR 50c. we hold 89 mill shares. $44 Million You can say they aren't worth this, however we are talking book value and that was what seed investors were willing to pay, 50c per share. Therefore a market value at 50cps. If the company was listed tomorrow, it would open at 60-65c no doubt. Would it then retrace like LIS, quite possibly, but the fact remains, that is the current market value for WGL.

BNNTTL - NASA makes BNNT because they value it's properties. We make it cheaper than they can, NASA! Granted we can't seem to sell a god damn gram of the stuff, but we have all the furnaces and facilities set up ready to go, and perfecting the process where it will continue to become cheaper. They hold 30 Million LIS shares - $4.5 mill and 8 mill WGL shares. (Included above)

There are of course the Goodwill/IP in all these companies that would be worth quite a bit of $$$, but how anyone could say that PPK are not at a minimum of $100 million+ MC in book value is just crazy. regarding the Flynn case, well my opinion has been put out previous to this reply. Anyway, instead of telling us what you think the book value isn't why don't you try to convince us what it is? Its easy to say, nah not worth $200 mill.