By Tom Winnifrith, the Sheriff of AIM | Friday 21 October 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I take an old fashioned view that an asset has value if it generates or will generate cash. In my view the assets of Deepverge (DVRG) do not fall into that category and thus have no value making the company worthless. Mr. Market may or may not disagree but where I stand is clear. Hence I have never owned the shares, never would and have always been 100% bearish. Simple eh? Not simple enough for one poster on the ADVFN asylum…
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