Your math does not apply in this situation. You have to add in forward loss, three part sale and the fact that this ship is sinking daily. If your going to use that math, you might want to adjust y our figures daily, you will be adjusting them right to $0
Ok, I am trying to figure out what we can get after all. Check company�website: http://www.twtr.com/phoenix.zhtml?c=80810&p=irol-fundHighlightsA end of 30/9/06 shareholders Equity was 68.16m. end of 31/3/07 (after 6 months) shareholders Equity was 34.54m. Means we lost average 5.6m per months. Let assume the same loss for last 3 months (April, May, June/07), shareholders Equity would be around 17.74m. With 25.56m shares, 1 share would be worth for 0.69 Correct me if I am wrong. Thank!
Nndung, what is it that you dont understand. The assets are not worth in the market what they are worth on their books. Is that really hard to understand? Someone might have bought a house last year for 400K, and it might be on their books for 400K, but if the market price is now 340K that is what it is worth. In the case of TWTR its a lot worse. Most of their assets are not worth anywhere near what is on the books. Shareholders will get nothing except what they can seel their shares for before it stops trading.