Aug. 1 at 2:07 AM
$RMTI Compare the current assets to the liabilities on their books and they have net assets of about 10M @ 3/31. Figure not much change.
$3 stock price means this is worth 100M - sorry, this business is not worth 100M. But 65M is not unreasonable valuation of the assets and the business at all. That is < 1x sales given they have about 10M of assets on the books so really valuing the business at 55M. 65M market cap puts you at
$2 share. Frankly, that's a reasonable target. If you think this is going to
$3+ you are nuts. But if you think this isn't a buy sub-
$1.25 you are equally nuts. Swallow up everything sub
$1 and just be patient. May take some time but the value is there - no question about it
