Looks closer to break even at the moment!
Around $10 million nett cash plus a building in the books at another $10 million plus at least the same again of "plant and equipment" (at the owned Bristol USA factory of American Merchant. http://americanmerchantusa.com/about.html ) plus some manufacturing assets in China.
With a MC of $6 million it seems undervalued. But profitability will be the key....
Ann: Quarterly Activities & Cashflow Report, page-2
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