rock bottom, page-5

My thoughts exactly Nathan,

At 22c the MC is only about $190m.

The worst case tangible asset minus debt equation works out about $1 billion. Given the large profit from management fees the value of the management operations must add at least another $1 billion of intangible assets.

This puts value about $2 per share without allowing for growth once the financial sector sorts itself out this should do well.

Very oversold ATM IMO.