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Bullboard - Stock Discussion Forum Petro One Energy Corp CUDBF

GREY:CUDBF - Post Discussion

Petro One Energy Corp > Keep It Simple !!!
View:
Post by gksrcn61 on Aug 07, 2014 6:16pm

Keep It Simple !!!

Korea                 $100,000,000
Current Assets  $40,000,000


                            $140,000,000 / 79,000,000 Shares = 1.89 a share current cash value.


Stock is over 90% discount just on cash value.


Now go look in the mirror....... and ask yourself if it's a buy or sell at .50 ?
Comment by 2fast4you on Aug 07, 2014 6:29pm
Don't get me wrong I and hugely long and firmly beleive this is a screaming buy, however lets not mistakingly overstate the cash value per fully diluted share... The first $4 mil cost us 16mil shares c/w 16 mil warrants. So one should no think they will give us the remaining $96mil, should they decide to part with it on the option, without more dilutive affect that will raise the float of ...more  
Comment by Urbani on Aug 07, 2014 7:34pm
2fast - I'm not concerned about the number of new shares outstanding - they will not be floating shares. When POP is bought - it will most likely be the ones that POP just made the deal with. My 2 cents. Good to see you into POP
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