GREY:RGVNF - Post by User
Comment by
redoctober777on Feb 19, 2011 10:00pm
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Post# 18165596
RE: RE: Eurogas/REV agree -- Lucky
RE: RE: Eurogas/REV agree -- LuckyI agree with Dog. 22 million total EUGS shares coming into the REV treasury is a ONE TIME event. With REV having 80M shares outstanding, The change in book value per REV share is a whopping 4 cents per share! And it won't be repeated. Did I say "it's a ONE TIME event?" Sometimes called an extraordinary payment, etc.
We've all heard the aphorism "Give a man a fish and he'll eat for one meal. Teach him HOW TO FISH and he'll eat for a lifetime." Well, this 22 Million shares is merely "a fish." REV needs a CEO who knows HOW TO FISH. And that ain't your buddy Rick Wilson. He's going to have a big banquet for his Howe Street cronies and gobble up this meal in a New York second. (Listen for the belch.)
What this deal means is that Wolfgang is now free of any REV encumbrances and that EUGS is about to run. He doesn't have to worry about diluting his profits by giving nearly half away to REV. Once the deal closes, he can keep it all for the benefit of EUGS.
Another thing to notice is that Wolfgang is adding value, creating wealth, and running a business. RW just sits there hoping to profit from other people.
My recommendation to thinking people who have had enough of REV is to sell some or all of your nearly worthless moribund REV shares and buy EUGS before the deal closes and the stock takes off. Unlike EUGS, REV has not one business on the books or in the works today that holds the promise of future earnings. REV has no BUSINESS PLAN.
Good luck to all.