The business is dying. But the value is in the assets


Total revenues were US$130 million (1) , representing a decrease of 38% year-over-year and 20% quarter-over-quarter, in line with the Company’s guidance.
Non-GAAP net income attributable to Limited per fully-diluted ADS (3) was US$0.58. This compares with US$0.97 in the first quarter of 2015 and US$0.85 in the fourth quarter of 2015.
EPAds 0.61; on Ads: 53M
per ADs
Cash $10; s-t invest $2; prepaid…$5.5?; Fix assets $4;
liability $8
net $13.5