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Posted On: 06/28/2019 2:35:39 PM
Post# of 43064
It's hard to say what numbers that book value incorporates. Any improvements added, depreciation taken, etc... . If founder Mr. Bordynuik ever adjusted a flue on the property then that book value probably went up by $200,000. I'm guessing Mr. Bordynuik paid himself well for BS work and his compensation while wearing a construction helmet would have been capitalized into PP&E as an improvement.
The $130k Canadian dollars which Mr. Bordynuik paid to his uncle for the property, at shareholders' expense, ten years ago was likely tilted toward favoring his uncle. Short of talking to someone who knows prices in that area or paying maybe $500 to do an appraisal, it's hard to say what the property is actually worth but $180k might be at the top end...and again there's that oil which Mr. Heddle reported shipping to the property which likely will incur a substantial disposal cost eventually.
Based on the listings, we know the property value is not $995,000 and now we know it's not $595,000. Maybe Mr. Heddle is still hoping for a sucker to come along.
The $130k Canadian dollars which Mr. Bordynuik paid to his uncle for the property, at shareholders' expense, ten years ago was likely tilted toward favoring his uncle. Short of talking to someone who knows prices in that area or paying maybe $500 to do an appraisal, it's hard to say what the property is actually worth but $180k might be at the top end...and again there's that oil which Mr. Heddle reported shipping to the property which likely will incur a substantial disposal cost eventually.
Based on the listings, we know the property value is not $995,000 and now we know it's not $595,000. Maybe Mr. Heddle is still hoping for a sucker to come along.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.