I see what you mean but NTA backing means jack atm because of the unknown factor. If NTA was unequivocally $1.30 the stock wouldnt be sitting at sub-30c. All this highlights is that there are too many unknowns to make a valued judgement and it's really a game of roulette whethere you make money or you dont out of your investment in this stock (assuing you are buying at these levels).