RE: News - Huge investment in PATTickle, still having trouble reading NR's I see. You seem a little confused about this latest one, which is very unusual, but then again, I seem to recall you were a little confused about the last one too.
"Boy...these five shareholders are lucky.
they way I read it is they got 41 cents for their Pat shares...PLUS one URSA share with a premium". tickle
Now, here is the official NR from Ursa.
In consideration for the common shares of Patricia, Ursa Major issued a total of 6,206,804 common shares from treasury to the five vendors. The purchase price of 41 cents per Patricia common share was the average trading price of the Patricia common shares for the 20-day period immediately preceding Aug. 8, 2008, the date of letter agreements, plus a 15-per-cent premium.
There was no exchange of money, just a straight exchange of shares. A company cannot just exchange shares, they have to put a value on them. Ursa priced Pat shares at .41 cents for the purpose of the exchange, they did not pay .41 cents PLUS one Ursa share.