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PetroKamchatka PLC V.PKP



TSXV:PKP - Post by User

Comment by bulhanineon Jun 18, 2011 1:43am
352 Views
Post# 18732607

RE: first a rollback-probably 20:1 or maybe 2000:1

RE: first a rollback-probably 20:1 or maybe 2000:1Xendrillion is not a number.

But a billion is - and that is the number of pre-rollback shares this deal is going to cost at the valuation stated in the press release.  If we add the estimated cost of the risked reserves, add another billion shares, more or less.

TWO BILLION new shares.  For what??  This is not "standard shell building".  It is massive dilution of our holdings with uncertain value-added.

Do we get to vote on this deal?
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