OTCPK:CNZCF - Post by User
Comment by
dart321on Jun 20, 2016 9:45pm
142 Views
Post# 24982177
RE:RE:A New 52 Week High
RE:RE:A New 52 Week HighFirst let's get the numbers right because of the last news release. I believe it said a 3.5 million share pp was over subscribed to 4.2 million. So we add those and the associated warrants and we get something like 25.3 fully diluted. Of course the PP hasn't officially closed yet but I hear it's iminent. With regards to profits, until the company tells us what the percentage is we don't know for sure what the profits are going to be. Based on the prices charged by the U.S. companies our royalties could be anywhere from 1 million a year to 4 million a year or say 4 cents a share to 16 cents a share.
Now if they get a production extention sometime during the next twelve months then ya 20 cents is possible. We just have to wait and see. I think we all agree on one thing for sure and that is this stock is massively undervalued.jmo