re: Ann: REINSTATEMENT TO OFFICIAL QUOTATION ... chuk - look at...

re: Ann: REINSTATEMENT TO OFFICIAL QUOTATION ... chuk - look at the average daily trading volumes for MNC and tell me that TKG can dispose of it's holding in MNC whenever it likes, at the market price. That is the test of liquidity.

IMO TKG could well have a problem convincing their auditors that the MNC holding is a liquid asset, for their 2011 financials. If they are allowed to disclose it as liquid, in my experience they will need to discount the sp to reflect the discount selling a parcel of this size would need to be sold quickly.

So commonsense says TKG should be trading at a discount to its net assets.

I noted previously on the TKG thread that the sp could come on at $0.45 - $0.50, as some buyers may not be aware of the liabilities offsetting MNC holding value. I am interested in TGK's potential, but IMO it is overvalued at the current sp.