The fact that the MC is $8M and there is $20M cash in the bank makes no sense. NEGATIVE EV of ~$10M, crazy.
If MHI went into liquidation you'd make money on the shares you hold. Simple as that.
At these prices you can't lose. Anything under $0.18 is a bargain IMO.
Completely hypothetical, but another company could come along and buy up MHI just for the cash in bank... assuming there were shares to buy.
Just my thoughts, all IMO, DYOR etc, but MHI seriously undervalued.
Ann: MHI Quarterly Activities Report & Appendix 4C, page-5
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.25M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9000 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 33666 | 2 |
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