spec play, page-7

re: spec play - to ytrade it really is a spec, and as such i only put in $5000. i bought the 100,000 at 5c, which were traded a few days ago. as a rough calculation, each share is backed by the following (investments in other companies)
3c by their holding in LUM
1c by their holding in BRO
1c by their holding in KRZ

the 3c per share in cash, seems to be for free, as does the listing on the exchange, which should be worth 1c. i would also presume that the company has accumulated tax losses.

i know that there are plenty of shares that sell for less than asset backing. what i do know, is tht low market cap stocks can become "legends in their own lunchtime", as some corporte play takes place.

anyway, it is only a flutter, a bit like putting 50c on a 100 to one shot at the races - good if it comes in, but no real loss, if it loses. even if it does not win, i think that there is a good chance to get my money back, or at the least, to sell at a modest loss

happy punting