Apr. 3 at 2:09 PM
$HOOK free money here, absurd undervaluation or am I wrong?
How Is It possible co to liquidate 1.28/1.71 USD when updated cash position/net equity do imply + 2 USD per shareholder even assuming liquidation and dissolution costs, potential indeminifications and tax liabilities?
https://www.otcmarkets.com/file/company/financial-report/547261/content
Take a look at balance sheets, 32 mln USD in net equity as of december 31 + 5 mln USD from GILD + 5 mln USD from NEOTRAIL, should have raised net equity/cash available for distribution.
Certificate of Dissolution should be filed in late april/early May, then stock delisted from OTC because transfer agent will close books.
Am I wrong or market Is underestimating future cash proceeds?
NeoTrail bought asset for 5 mln USD, amount disclosed in the last sec filing, GILEAD completed 10 mln USD deal buying every agreed cent.
I am assuming +- 14 mln fully diluted common shares.
What Is wrong or am I right assuming liquidation North of 2 USD?