A question for followers of this stock - those who own it, those...

A question for followers of this stock - those who own it, those who don't own it, and those who are selling it...:

If you had $13.3m dollars, and every single BTV share was for sale on the market at 10 cents, would you buy the whole company?

You would be being buying:

- $12.4m+ cash
- $3m cash from first Gullewa sale installment
- 2m ATW shares
- $10m cash, to be received over the next 3 years (Gullewa)
- The OPTION to convert the cash into ATW shares, if above C$1.00
- Gullewa iron ore rights
- THRO options (current value 0.01cps)
- over $10m in carried forward losses to offset against tax
- BUT some tax payable from Gullewa sale (beginning May 2010)
- The value of having a publicly listed company, but with the costs associated with that...

SO, WOULD YOU BUY THE WHOLE THING, AND CORPORATE RAID BTV FOR ITS CASH AND CASH PROCEEDS?

I suspect almost everyone would say YES.

SO, that means that the only reason people WOULDN'T buy a share in BTV at 10 cents is that they don't have the money, OR, because they can't buy the whole company, and so do not have control over how, if at all, the money is spent, and so they are bound to the decisions of directors/other shareholders.

So BTV is being valued at HALF its cash position, ONLY because of the uncertainty in how the money would be spent.

The market must REALLY DISTRUST current BTV management, because that is a massive discount to its fair value.

Sooner or later, someone who does have $13.3m, or more, WILL buy BTV, and pocket the difference.

disclosure: 1,200,000 shares. last purchase at 10 cents