OTCPK:EQST - Post by User
Comment by
In4abuckor2on May 06, 2008 2:57pm
396 Views
Post# 15043412
RE: You're welcome,
RE: You're welcome,I have owned this for some time now, back when it was still Syngas at $0.50 before the 20 to 1 reverse split.
I had bought 10,000 shares at $0.38
After the reverse split I now only have 500 shares at an average share cost of about $7.80 due to the 20 to 1 split.
A long ways off the mark it is trading at today.
I have a copy of a report dated Sept 2006 from PowerStox.com that set a target price for Syngas of $2.76 within a 12 month period. At the time the SP was $0.50. That was before the split. So 20 times $2.76 would suggest a target price of $55.20 if all remains the same.
The stock completely crapped out waiting on financing with little or no news.
This $120m was suppose to go a long way to carrying them to that goal. It was a very important, huge step
I have not sold my shares I have been hanging around watching to see what will happen.
Based on everything I know about this $120M the present SP is a real deal IMHO.
In4abuckor2