OTCPK:VGIPF - Post by User
Comment by
hawk35on Feb 11, 2014 9:33pm
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Post# 22198146
RE: SPE # of shares outstanding?
RE: SPE # of shares outstanding?
TD Waterhouse shows Alexander Energy as having 253 million shares outstanding. Renegade has about 203 million so if Alexander issues 2.25 shares for every Renegade share that means they will end up with 709 million shares. After the 4 to 1 reverse split, the number of shares outstanding for Spartan Energy will be about 180 million. If all goes to plan the share price will be about 2,76. However keep in mind that the market not the plan eventually decides on the SP.