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Man, I wish I got in on this one just a few days earlier (IPO debut). Still, this is about as safe as a red thumb gets. Supernus has shareholders' equity of just $270,000 as of 1Q12, which registers as a fair book value of a whopping $0.0113 per share. I will be looking to get a few picks in on this one to maximize my score. This is red thumb number one. What a joke of a company!
I believe the IPO proceeds are not reflected in 1Q12 shareholders' equity.
Ah thanks zz. Although I'm sure it won't make a big difference in the end.