GREY:NMKEF - Post by User
Comment by
Takeactionnowon Jun 22, 2020 4:03pm
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Post# 31178116
RE:RE:RE:If anyone want to give me their worthless shares!
RE:RE:RE:If anyone want to give me their worthless shares!Mick, I love your style! These things are pretty hard to quantify, so let's say for the purposes of this discussion that the likelihood of existing shareholders remaining in the game is 50-50. Now let's also suppose, just for the sake of this discussion, that a winning bid would include existing shareholders and that the price per share would be 16 cents (the last traded price converted into Canadian currency). So, at 42 cents you are taking a 50-50 bet (possibly getting nothing) on receiving 16 cents/share valuation (and here is the key) ... that will grow in value as the project relaunches. That suggests a healthy outcome. Of course, perhaps I misunderstood, and you are suggesting less than half a cent, in which case that is a good bet! ;-)
mick1888 wrote: 0.42c
Takeactionnow wrote: Here's a better idea: Let's have a shotgun sale, in which you propose a price. Another shareholder to whom you have made the offer can sell you his or her shares, OR, he or she can refuse
and buy all of yours at the same price. That forces honesty in your evaluation, since you may have to buy or sell.
Just for fun, what would your price be?
Loserboard wrote: I will take them.