Ya not good at all because book value is usually a higher estimate than actual value if vrng get into cash flow problems. Considering how much money management pays it self and its board members, it is a possibility. Also keep in mind when they issue more shares to get more capital to pay for legal fees , this also devalues every share holders value. This is a 100% spec play and you should not be in it if you can afford to lose at least half of your investment. Anyone who thinks this is a real company with real growth expectations is wrong. I know most of you are aware that the only reason this stock is above 1.50 is because of the small chance vrng actually gets a favorable settlement sometime this century. I'm long but only have about 5% of my investment in this. I am although considering lowering that by purchasing call options.