crash great news for cashed up junior, page-4

I think the lower BTV's price is, and the longer it stays low, the greater the pressure on BTV management to return some capital or pay a dividend.

And surely, if ever there was a target for a corporate raid, it was BTV at current prices. It is so easy to value, so unencumbered by unwanted baggage, and so underpriced.

The difference between buying shares in BTV, and taking over the whole company, is of course you then decide how the money is to be used.

And if BTV does get raided, a predator can't convince people to sell by saying that BTV's $25 cash and receivables are worth any less than their face value.

No, they will say, "we will give you back (most of) the cash that BTV has, because BTV doesn't know what to do with it..".

Either way, it is all upside for BTV shareholders. Dividend, capital return, takeover, or bargain purchase with heaps of cash to spare...

The pressure builds for something to happen.


disclosure: 1,325,000 shares.

BTV: mcap $10.8m at 8.1 cents. Over $15m cash, $10m receivables, $700k in shares, no net tax due. And $500K of director purchases in the last 6 months, on market, between 12.5% and 25% HIGHER than current price.