OTCPK:ERILF - Post by User
Comment by
Blaser2on Mar 08, 2011 11:13pm
294 Views
Post# 18255713
RE: Here is a GREAT READ!!
RE: Here is a GREAT READ!! In my simple little world, if BMO got rights to the 40 Million in private placement at
.05 and pre-sold today for
.08 then
.03/.05 = 60%
but that would be only for four months. If you take it further, then it would be annualized at 180%. Sure there are fees and switcheroos for pre-selling in order to meet the terms of the private placement, but pros know how to do that.
The rest of your posts are very good and are about the intrinsic value of the company, not the value perceived by the paper-chasers.
Regards