GREY:ROAOF - Post by User
Comment by
tanoon Jan 08, 2009 7:27pm
319 Views
Post# 15692581
yikes re No Hope
yikes re No Hopeyikes,
OIL's only asset is ONSL. If ONSL loses all its assets to creditors, OIL becomes an empty shell with no assets. I doubt anyone would claim that an empty shell is worth much more than the cost of incorporating, a few thousand dollars perhaps, but certainly not $51M ($.23 x 223M shares), its current market cap.