Thunderbird TBIRD quick notes

Sold 3 million shares. Book value is now $3,6m/34m shares = 11 cents per share? 

Price is 9 cents or  $0,09 x 34m = market cap $3m? 

Selling/sold 66 apartments 

Too difficult pile. 

 Notes from last year: 

Tuesday, November 08, 2022

Thunderbird Resorts Euronext: TBIRD

Going concern The Group has been making recurring losses and has a negative equity for the past years. We therefore identified the going concern as a key audit matter requiring special audit consideration. Management has disclosed their assessment and assumptions related to the going concern in note 2 Management Statement on Going Concern of the consolidated financial statements  

31 million shares x $0,06 per share = $1,9m market cap. 

May be profitable in the next years? $300k is PE of 6. Negative book value.  

Changing from hotels and offices to apartments. 

Not a stock for the Graham Defensive investor.