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  • TUES Sheet1

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    Logic Gate Capital
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    This document provides an estimated liquidating value of assets as of September 30, 2010. It lists current assets such as cash, accounts receivable, and inventory, and applies discounts to arrive at liquidating values. Non-current assets such as property, plant, and equipment and long-term investments are also listed. Total assets are estimated at $249,629 after applying discounts. Total liabilities are $156,655. The estimated liquidating value per share is $2.16 based on net assets of $92,974 and shares outstanding of 43,034.

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    This document provides an estimated liquidating value of assets as of September 30, 2010. It lists current assets such as cash, accounts receivable, and inventory, and applies discounts to arrive at liquidating values. Non-current assets such as property, plant, and equipment and long-term investments are also listed. Total assets are estimated at $249,629 after applying discounts. Total liabilities are $156,655. The estimated liquidating value per share is $2.16 based on net assets of $92,974 and shares outstanding of 43,034.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    472 views1 page

    TUES Sheet1

    Uploaded by

    Logic Gate Capital
    This document provides an estimated liquidating value of assets as of September 30, 2010. It lists current assets such as cash, accounts receivable, and inventory, and applies discounts to arrive at liquidating values. Non-current assets such as property, plant, and equipment and long-term investments are also listed. Total assets are estimated at $249,629 after applying discounts. Total liabilities are $156,655. The estimated liquidating value per share is $2.16 based on net assets of $92,974 and shares outstanding of 43,034.

    Copyright:

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    of 1

    For

     the  period  ending  September  30th,  2010


    Estimated  Liquidating  Value
    Account   Book  Value
    Discount  to  Book  Value Amount
    Current  assets
    Cash $                    4,727 $        4,727
    100%
    Marketable  securities                                          -­‐                              -­‐
    Accounts  receivable                                          -­‐ 75%                              -­‐
    Inventory                306,462 75%    229,847
    Total  Current  Liquid  Assets                311,189    234,574
    Total  Current  Assets  (Book)                324,124
    Assets
    Property,plant,  and  equipment                    73,665        14,733
    Long-­‐Term  Investments                                          -­‐ 20%                              -­‐
    Other                        1,610                  322
     
    Total  assets                386,464    249,629
    Less  total  liabilities                156,655    156,655
    Total  net  assets  for  common  stock                229,809        92,974
    Per  Share Market  Cap
    Estimated  liquidating  value  per  share: $2.16 $92,974
    Net  current  asset  value  per  share: $3.89 $167,469
    NCAV  at  2/3rds: $2.57 $110,530
    Cash-­‐asset  value  per  share: ($3.53) -
    Book  value  per  share $5.72 $246,154
    Market  price  per  share  (Close  1/21): $3.82 $164,390
    Adjustments
    Total  shares  outstanding 43,034
    Options  issued  /  Convertible  securities 0
    Diluted  shares  outstanding 43,034

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