OTCPK:MEAOD - Post by User
Post by
btrevorbon Jan 15, 2014 11:07pm
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Post# 22097076
Share Price
Share PriceTo address the 0.70 share price four years ago is because there were 1/3 as many shares and they were touting the same promises of production then as they are today.
Publish on 11-30-2009
"There are currently 105,807,778 common shares of Metanor issued and outstanding."
Some of the grey hair investors here might remember when MTO was only 3 000 000 shares outstanding, they cost $1.00 each and the development target was Dubuisson. If we were compensated every time new shares were issued one of those shares would now be worth $100 each but unfortunately that's not the way dillution works. Those shares are worth 0.15 just like if you bought today. The only winner here are those that were given shares at 0.10, and no regular shareholders were not offered the same courtesy.