TSXV:PTR.H - Post by User
Post by
jrk8888on May 21, 2009 7:01am
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Post# 16006043
Enviro Energy...
Enviro Energy...it will be interesting to see how Enviro trades over the next little while.
today it traded 324 million shares up .336 HK to close at .52HK or 183%
conversion rate is 6.79 to get CDN
based on last financials Enviro had 2.436 billion shares outstanding....so I
estimate a market cap increase of $120 million CDN for Enviro Energy in trading today.
2.436,520,000 x .336 = 818,670,720 / 6.793= $120,516,810 CDN
clearly Hong Kong took the news enthusiastically don't know if that will translate over here.
we'll have to see. cheers