If the directors run the company into the ground spending the whole 'cash backing' you say the company has then you'll realise it doesn't matter what you paid for the share, its worth nothing. At the moment the market is saying there is a considerable risk the directors are not able to manage the capital they have access to, too generate sufficient returns. There is more to a share than cash backing.
KRE Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held