Cyber Bay – another bubble?

Meralco does not seem like the only game at the stock exchange.  Cyber Bay is a “sizzler,” according to Doris Dumlao.

Market cap of Cyber Bay is now P4.87 billion, against a book value of  negative P3.75 billion.  It has assets on its books of P612 million, against debts of P4.37 billion.

The PSE disclosure is decidedly unrevealing.

Why do they call these notices “disclosures” if nothing is disclosed?

Because a disclosure of non-knowledge is itself a disclosure.  Get it?

Cyber Bay chart July 31, 2009ver2

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