hxs02,Nice work. 8.7 cents. NPV over 18 cents.BTV could, if they...

hxs02,

Nice work. 8.7 cents. NPV over 18 cents.

BTV could, if they wanted to, do a capital return tomorrow of 8.7 cents, which would return your entire investment at current prices, and they would still have over $3m cash in the bank, plus $10m receivables!

When BTV's share price returns to their cash/receivables position (I think it is 18.8 cents from memory), you will have made 116%!

And the downside? Well, how cheap can $25m get? $10m, $9m?

And given the directors have jointly bought over $500,000 worth of fully priced shares at between 9 and 10 cents in the last 5 months)...

All we require is patience.