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Manhattan Bridge Capital, Inc. Message Board

  • theoddone78 theoddone78 Aug 9, 2005 12:27 PM Flag

    Going Private @ $4 ?

    3.19 million shares outstanding x $4 = $12.76 maximum payment to shareholders. The company has roughly $7+ million in cash.
    Right now, the company trades as if there was $0 revenue generated, essentially trading for its cash per share price.
    Sarbanes Oxley hurts this company, because it is actually counterproductive to spend money to comply to this law. Money is better spent rewarding shareholders and go private.

    Sarbanes Oxley is yet another law created that did not need to be created, that only contributes to the much unnecessary regulation in this country.

 
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