GREY:SPHUF - Post by User
Post by
mewbuddyon Apr 02, 2012 10:14pm
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Post# 19750906
after SPAG financing
after SPAG financing given SPAG being able to do the financing for the poker flat, they need at least raise 4 million dollars( 3m + tax + commission +other costs). right now SPAG sit between 30 to 50 cents. assume they can raise 4m @ 40 cents that's another 10m shares of dilution. now SPH hold 16.9m shares of SPAG. but after financing they percentage will 16.9/42.6 = 39.7%. let's say they will still hold 40% of SPAG. they the poker flat belong to SPH will be 40% x 75% = 30%. just a little bit higher than MNV. while it has much much bigger shares structure than MNV. to play Poker Flat, MNV is the best choice. National bank and Anonymous will bring it over 10 cents.