34232, there is not a shadow of a doubt that OXX is trading at a tiny fraction of its EV....Almost at its cash backing. Unfortunately the market is not interested in(or does not trust) a security that is untradable & is controlled by a single individual. For OXX to get recognition & interet from larger players, Geoff Albers has to relax his grip on the company & introduce Instos & "sophs" This may happen later at a higher price....This is when the Trustee Stock will come into play. Untill then we will be caught in this liquidity trap & "depressed" SP that fails to reflect our assets.
OXX Price at posting:
20.0¢ Sentiment: None Disclosure: Held