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Bullboard - Stock Discussion Forum Bridgeport Ventures Inc T.BPV

TSX:BPV - Post Discussion

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Post by northernbass on Jul 31, 2012 10:30am

Math

Hi everyone, my first posting here, been a shareholder in Premiere since they took over Goldstone/Roxmark, which i had been holding for 6-7 years...I'm a big fan of Premiere and its leadership...should do well over time.

I don't own any Bridgeport yet....has anyone done the math on what it would look once this purchase is complete?

I will be trying to figure out if it makes sense for me to buy BPV so that it gets me warrants to buy into the royalty....or wait for the royalty to be listed and buy shares directly...

Comment by Teatimenow on Aug 01, 2012 3:41pm
i spoke to the ceo of bpv couole of days ago. the fully diluted interest of old BPV shareholders into the NEWCO (premier royalty) will be between 22-30%, that depends on PG choosing to convert their 11million loan for the last ryoalty aquisition to convert into shares or not. if converted into shares fullxy then 22-25% if not then 29-30% for old BPV shareholders. read our full analyses herehttps:/ ...more  
Comment by goodape on Aug 01, 2012 4:22pm
<<I will be trying to figure out if it makes sense for me to buy BPV so that it gets me warrants to buy into the royalty....or wait for the royalty to be listed and buy shares directly.>> I would rephrase your question.  Bridgeport common shares if merged with Premier Royalty become Primier Royalty shares.  If the merger occurs, by buying Bridgeport common shares, you have ...more  
Comment by northernbass on Aug 02, 2012 9:26am
thanks for the info, made my work easy. will be a sharehold soon. NB
Comment by soccer57 on Aug 09, 2012 1:30pm
Hi, trying to understand how to not overpay for warrants You also receive .375 of a warrant per common share Bridgeport owned.  Bridgeport shares are the only shares that will receive warrants in the new company [e.g. not either of the two Bridgeport warrants already commonly traded, and not PG Premier Gold common shares.]   .375 warrant for each get 1 share owned ??   or for 4 ...more  
Comment by flayer on Aug 09, 2012 1:48pm
You gotta look waaaaaay beyond the warrants here Soccer - there's a certain degree of speculative value in the whole package (share + warrant). The warrants are merely a kicker based on their 4 year lifespan; though there'll likely be an acceleration clause attached.
Comment by soccer57 on Aug 09, 2012 2:07pm
ok lets forget the warrants    is it correct that the newco  premier royalty will be a $1.40  new issue? why would i pay  .50  for bridgeport if it will take 4 bridgeport ($2.00) to equal one new bridgeport which is the same as one share in the newco premier royalty $1.40 thank you  Soccer
Comment by soccer57 on Aug 09, 2012 2:10pm
  I think they did the  1 for 4 math on bridgeport when bridgeport was .35   times  4  = $1.40 (newco premier royalty CO price) and warrant is a kicker. Is the warrant  on old  bridgeport  or rolled up  new Bridgeport. I have called both companies  twice   no one available   thank you Soccer
Comment by flayer on Aug 09, 2012 2:16pm
"why would i pay  .50  for bridgeport if it will take 4 bridgeport ($2.00) to equal one new bridgeport which is the same as one share in the newco premier royalty $1.40"   See my post over on the 'other' board - if you're the guy with an identical query..........
Comment by PolarExpress on Aug 09, 2012 3:05pm
Bridgeport will also issue 0.375 of a warrant of Bridgeport (each whole warrant a "Bridgeport Warrant") for each post-consolidation Bridgeport Share held by its current shareholders. Each whole Bridgeport Warrant will be exercisable at a price of $2.00 per post-consolidation Bridgeport Share for a period commencing on the date that is six months following the completion of the Business ...more  
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