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VRMD...Am I alone on this one?
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[QUOTE]Originally posted by kbpkt: [QB] [QUOTE]Originally posted by stockvaper: [b]Before the 400/1 reverse split, VRMD said their stock was worth .07 per share. "The sale of the above assets gives Vision Real Estate Management and Development, Inc. a book value of over $.07 per share," states Daniel J. Duffy, Vice President of VRMD. So if my math is correct that makes VRMV stock worth $ 28 per share....and it's selling at .51. This is either the biggest bargain or the biggest scam of the year. Any opinions?[/b][/QUOTE] If I had to lean towards one or the other, I would say scam, but I don't really think it is. Maybe on paper they are worth .07 PPS pre reverse split, but without releasing the financials to show that, the investing public can't verify that. Most people, especially in pinks are not going to value a company at what the CEO believes they are worth. If he makes a comment like that, he must be saying that based on some numbers somewhere, and if that is the case, why not release them to the investing public so we can see it as well? Because they are a pink sheet company, they do not have to release those numbers (if they exist) which is why the PPS does not reflect that statement. [/QB][/QUOTE]
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