want a free company?

I pointed out in a previous post that Pac Brands market cap is around $75m-$80m. So, theoretically, you could buy all of Pac Brands shares at these current levels and own the whole company for $80m.

They have more than this in cash, so effectively, people are giving this company away for free. If it is still around in 2-3 years time, and is still making money, I can assure you that they will be worth a lot more than 15-16c!

PS - I am pretty sure that this business will still be around, although this is surely one of their darkest hours!!