That exact question was raised at GM - what would it trade at?
One might expect to pay between 4 - 6 times annual cashflow. In its restructure, CR estimated $15K/mth of free cash flow (i.e. after all sales and paying all expenses). If so then the business generates - wait for it - $180,000 per year
That's 18,000,000 cents across 191,938,699 shares or a whopping 0.094 of a cent per share.
Based on that you'd expect to see it at 0.005! I guess you could throw in 0.002 for the guestimate of net cash and you get to 0.007.
As expected.
GGP Price at posting:
1.0¢ Sentiment: None Disclosure: Held
