A couple of microcaps trading at net cash on balance sheet
Great writeups! I’m enamored with Surge’s net cash, valuation, and simple business.
Unfortunately the fact that management rebuffed activists in 2017 and gained 40% ownership makes this a pass for me.
Thanks for reading. Yes, as I had mentioned in my post, I don’t like the management either. However, I believe it is trading below liquidation value.
thanks for presentation of XLM
An obvious question about the liquidation :
considering that retained earnings are negative in the book, then there shouldn't be any withholding tax on the liquidation.
Still, it seems a bit disapointing XLM chose not to try to monetise this huge NOL (almost 78M)
https://open.substack.com/pub/nigonthailand
Great writeups! I’m enamored with Surge’s net cash, valuation, and simple business.
Unfortunately the fact that management rebuffed activists in 2017 and gained 40% ownership makes this a pass for me.
Thanks for reading. Yes, as I had mentioned in my post, I don’t like the management either. However, I believe it is trading below liquidation value.
thanks for presentation of XLM
An obvious question about the liquidation :
considering that retained earnings are negative in the book, then there shouldn't be any withholding tax on the liquidation.
Still, it seems a bit disapointing XLM chose not to try to monetise this huge NOL (almost 78M)
https://open.substack.com/pub/nigonthailand