I have bought exm as part of a package of 6 in this depressed industry. i have already doubled up one of the 6 and sold one. exm is still in. I am very experienced and think this is the best approach to deep value
The $1 requirement is only one part of it . They have also not reported 3rd quarter yet ( it was due in Nov ) .They have until end of March to report 4th quarter and the end of the year . The book value per share is based on old information . You know the value is no longer $16( they have been raising money giving up value to those putting up the money ) a share but because they are not reporting we can not get a new value of the stock . The company seems to not care about the stock any more .