crash great news for cashed up junior

Holders of BTV are not likely to be popping champagne corks today, as we all hold other stocks who are being sold down...

But the further the market drops, the better it is for BTV.

Wouldn't you like to be in the same position? No borrowings, a big pile of cash and receivables, and looking to buy quality assets going cheap...?

What a great time to be cashed up!

We all knew that today would be a rough day... but irrespective of what the market prices BTV at, we still own the same slice of their cash.

It really makes little difference whether it is traded at 8, 9, 10, or 5 cents. It is still worth 18.8 cents per share.

If BTV decide to pay a dividend, or return some of the capital to shareholders, I will be ploughing it straight back into BTV.

disclosure: 1,325,000 shares.

BTV - mcap $10.9m at 8.2 cents. Over $15m cash, $10m receivables, $700K ATW shares, no net tax debt, and $500,000 worth of director purchases in the last 6 months, on market.