Divestco Inc. - Class A V.DVT

Primary Symbol: DSVTF

Energy

Divestco Inc is the Canada-based exploration services company. The company is engaged in the development, designing and sales of geoscience solutions to Energy and Service companies. The company provides Software & Data, Seismic Processing, Geomatics Services, Seismic Data & Brokerage, and Land Services. The company operates in four business segments namely, Software and Data comprises of software exploration products and also provide full suite of support data layers; Services segment comprises of geomatics and processing; Seismic Data comprises of seismic brokerage and data management services which also contributes a major part of revenue and, Corporate and Other segment comprises of overall strategic consultant to companies. Most of its revenue is generated from the Canada market.

EXPM:DSVTF - Post by User

Divestco Inc. - Class A

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Comment by lastpickon Oct 27, 2010 7:31pm

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Post# 17621155

RE: What the heck..................

Why did we drop from 95 to 28 cents? Perhaps because we sold an asset that was valued on the last Balance sheet report at about $130 M for $57 M cash and about 14.2 M PSD shares @ $1.50/ share = about $78M and than gave the shareholders the PSD shares and about $8.6 M dividend ( equals reducing Shareholder value of the company by about $ 130 - $57 -$8.6 = $66 M. That's a reduction of over $66/ 43 M shares = $1.50/ share! The PSD shares and the dividend is about 52 cents/ share which you now have in addition to the current value of DVT shares of 28 cents.
Correct me if my quick calcs are wrong.
Thanks

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