Mega Brands Inc MBLKF

Clarification on something I am missing.

[langer]

I am attempting to use historical SP along with the share dilution and subsequent consolidation in order to come up with a BASIC SP value comparison over the last 4 years.

Numbers I am working with:

Before share dilution 60,000,000 shares outstanding, $20.00 SP (2007)
After share dilution 556,000,000 shares outstanding
.50 SP
After share consolidation 28,000,000 shares (16,000,000+12,000,000 warrants) $7.50 SP

As the SP was $20 prior dilution comparative value of the SP after dilution would be 2.00 (1/10 the value). With the consolidation of the shares (20 to 1) the value comparison today is $40.

This is just a SP value assessment and has no basis other than a starting SP and share dilutions and consolidations. It does stand to reason however that the market previously valued MB at a much higher value with the Co. in much worse financial shape (dept).

Did I missing something. Please feel free to pick apart my math, as when things look to good to be true they usually are.