Sadly I have this dog asf and I concur ,Based on all of what you...

Sadly I have this dog asf and I concur ,

Based on all of what you say ... Ad to this they 5 million in regulatory capital....

Surely the ASF Licenses they hold (2) of them I have been told are worth around 5 million each and INQ paid circa $20 million for HUB 24.

So ad it all up 13 mil in Bank now say only 5 million for both Licenses 5 million in regulatory capital and let's say for arguments sake HUB is worth no more than 5 million as well = fire sale total cash is 23 million ad 5 million for HUB and at the very least we have 28 million net assets and we have market cap of 10????

Cash burn is the killer BUT regardless of the pathetic saga of management etc someone will take an 'opportunistic' bid sell of the pieces( keeep the cash) bury the name INQ forever and cut and run

Getting th cash in was key..... Run it on smell of oily rag hopefully suitors pounce sooner rather than later..... But realistically 3 or 4c will be as good as it gets!!!!

HUB 24 they took share script to the value of 20million - talk about a lot of work for 0 sum total......

It is a dog full of fleas... Just hope we get something out this horrendous mismanaged disgraceful episode