OTCPK:MEAOD - Post by User
Comment by
gahdcon Nov 07, 2011 1:35pm
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Post# 19215641
RE: Profit
RE: ProfitWith a profit of $1,354,800 and 201,686,865 shares outstanding that's about .0067 per share.
SKYROCKET...indeed.
To clarify, my post said noithing about per share earnings or skyrockets. It was mearly to point out
that our earliest revenue would be from the bulk sample and that it would be a tidy sum to start the
new year off with. If, as many on here expect, the Dec warrents are excercised, then that will add about $5 mil
more to give us around $6 mil, meaning we will be in a good cash position to do more drilling early next year
if we wish. Just pointing out that we will be in a decent cash position as we start to ramp up production next year.