$BCAP's book value over time: DEFINITION OF 'B
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DEFINITION OF 'BOOK VALUE'
1. The value at which an asset is carried on a balance sheet. To calculate, take the cost of an asset minus the accumulated depreciation.
2. The net asset value of a company, calculated by total assets minus intangible assets (patents, goodwill) and liabilities.
3. The initial outlay for an investment. This number may be net or gross of expenses such as trading costs, sales taxes, service charges and so on.
Also known as "net book value (NBV)."
http://www.investopedia.com/terms/b/bookvalue.asp
$BCAP net tangible assets (thousands of USD):
December 31, 2010 -- ($1,727)
December 31, 2011 -- $231
June 30, 2012 -- $285
December 31, 2012 -- $451
June 30, 2013 -- $485
December 31, 2013 -- $501
June 30, 2014 -- $652
http://www.otcmarkets.com/stock/BCAP/financials#