RED OREI received my proxy today, and had some questions that the board maybe able to answer. The stated capital of the Corp is now $15,685,574 , with 51,422,860 shares outstanding. That comes out to .30/share. We are now trading @ .05. We are also going to receive one Red Ore for every twenty Galahad held. What would the value, or share price of the Red Ore shares be at the time of the Return of Capital ? Would it be based on Galahads trading price,or on the stated capital price?So would we calculate it 1/20 of .30cent, or 1/20 of .05cents?
Flooring