Meomites...
Anyone done a calculation on NPV of the stock based on the latest annual report. Cracks me up when you see these traders putting up charts as to where they pick the bottom blah blah...etc.
As you will have noticed in the other threads the majority of the Bear short traders are using a value of 28c.
Simply put $477mil X 0.28c = $138Mil or EQUITY in the Annual Report. (Go on read it!)
no rocket science here just plain number crunching.
Dont let the Bears/Shorters fool you gang, MEO is worth alot more than 28c PS.
This announcement will help bolster the SP back to where it belongs, hold tight team.
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