I've only highlighted Nachu as the smallest asset MNS has on its books to refute your suggestion that the company should have a valuation closer to $50 to $70m which frankly just won't happen unless the bottom falls completely out of the market.
Nachu is a minor asset of the group and if they did decide to convert it to cash then I'm sure with just that asset alone it would exceed the valuation you placed on the company.
This doesn't even consider any other assets of MNS.
Based on your previous posts your suggesting MNS should have a share price of between 9.5c to 12 c which is just laughable.... goodluck trying to buy at those levels... you'll be waiting forever.