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Last traded @ .04 - seems to me their film library should be worth more than that. With an upcoming slate of six movies coming out -added to their hits "monster" and "upside of anger" this company's value should be @ .10 per share -JMHO -but these guys were profitable for 10 consecutive quarters before going on their latest spending spree producing 8 movies in a space of three years. Prior years saw only limited production. By 2006 we could see as many as 5 or 6 Media8 movies at the rental stores.Eventaully these revenues will wake up the street.
posted
MEE.sv.b is the symbol and from their last Q report Total assets of the Corporation decreased from $87.8 million as of December 31, 2004 to $85.9 million as of March 31, 2005. Total liabilities remained relatively constant, increasing slightly from $56.0 million as at December 31, 2004 to $56.3 million as at March 31, 2005. That gives Media8 a NAV of around .10 per share without any valuation for their film library.
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