BTK 0.00% 1.5¢ botai technology limited

dire straits

  1. 3,185 Posts.
    lightbulb Created with Sketch. 25
    "Money for nothing and your chicks for free."

    I know where the money for nothing is - it's on the WMC balance sheet! $70 million in cash ( I think WMC still owes its parent $15 million or so, so let's say $55 million after repayment of debt) and you can buy the whole company on market (well you can't actually, because the top shareholders have not sold a single share since the IPO) for just $28 million. By coincidence $28 million is half the cash pile WMC is sitting on! And the company, as an operating business, now has a history of spitting out cash. Unfortunately dividend payout isn't all that high.
    Money for nothing all right.

    Now as for those chicks for free. Where does one find them?
 
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