Ann: Market Update - Spain ICR , page-10

heron12 couldn't agree more but the sp has already factored all the doom and gloom in.Not sure if u want holders to sell cheaper to you but according to the market, the company is currently selling for $26 million dollars and u have tangible assets currently worth approx $130 million. Even if theirs more write downs like you mentioned on the cards then their is a reasonable margin of safety if one was game enough to put the short term behind them and look past the turmoil.This is where multiples are made and not buying when the thing shoots past 10 cents and having the margin of safety reduce considerably.This is more a buy then a sell.