OTE 0.00% 0.3¢ otis energy limited

solid trade at .02, page-18

  1. 1,503 Posts.
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    Kelsie,

    can you explain why this looks cheap, if we took your figure of $2.5 million cash after selling everything, and I will be generous here and allow you this figure after cost of selling assets, Barnabys redundancy etc.

    Take. $2,500',000 divide it by shares on issue of $1,597',064,508 and you get a figure of just under $0.0016 or .16 cent, last sale was .2 cent.

    what am I missing in the cheap part. Even the tax losses go if they change strategic direction and their is a significant change in ownership.

    I have not looked at the OTE board for a while, lost a lot after holding for years . Nothing seems to have changed since I sold. Income does not even cover 1/2 of admin costs.
 
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