Still trading at Disc to Cash. Why?, page-355

"You seem to be an investor who believes the SP should mirror the value of the company"

Guilty as charged. I must confess I do expect the market capitalisation to be at least equal with the Net Tangible Asset backing (24c p/s currently), and more if the company is running a profitable business given there should be some consideration for future profits and appreciation of assets where applicable.

In addition, I also expect the company's management to use any available measures to protect and/or uphold the value of the company against any trading or other factors that would impede or inhibit the market capitalisation from being somewhere very close to 'True' or realistic value.

From my perspective, I would think these are reasonable expectations.
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