inSL Listed on BlogShares Share/Save/Bookmark

 


Nov 8th 2007, 15:16 BNT Brautigan & Tuck Holdings
by IntLibber Brautigan

BNT NAV = .60 Due to Stock Restructure

Please note that as we deleted 67 million shares of my BNT stock, to bring BNT into compliance with the SLEC's 60% rule (which we are not obligated to comply with as BNT IPO'd prior to the rule being passed, but felt it was important to comply with the spirit of SLEC standards even when not obligated to do so), BNT's NAV from its Sept 10 financial statement should be revised upwards to .60 L$ per share.

Furthermore, the completion of our stock exchange project adds significant value to BNT itself beyond the enhanced value to its land. We believe investors should look toward the next quarter financial statement positively in this regard when they are trading BNT.