CI1 General discussion, page-4036

Kipper is so smart infact that he is suggesting the company will be valued at below cash and cash equivalents, he is giving the business a negative equity valuation, on a profitable and large revenue might I add. This is genius level evaluation we should all do what this guys says.
let's take equity (25.7m) and minus intangibles (13.4m)
We are left with 12m this number represents cash and equivalents taking into account liabilities, on a might I add extremely low default rate. Now Kipper the absolute genius and some of his accomplices are suggesting the company should and will be valued at sub 8 million dollars.
so in summary 8 million or less, for cash worth 12m or more, with the shell of the company being valued at a negative equity. When it has revenues of over 16m per anum and is running at an overall profit.
This is genius level stuff guys and dont let anyone tell you otherwise kipper is the man, the myth and the legend!