there are a whole bunch of companies trading at less than cash with no debt. The other companies I am invested in are better values than GENC. Check out CSPI. They have $16.4 million in cash and investments and the company is selling for $12.4 million. Another is EDCI, they have over $75 million in cash and the company sells for $35 million. They have a few million in long term debt they will have paid off this year.
Both companies make a whole lot more senes than GENC in the current environment.