OTCPK:WSRLF - Post by User
Comment by
jwboormaon Aug 19, 2014 8:20pm
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Post# 22858066
RE:RE:RE:RE:RE:RE:IN
RE:RE:RE:RE:RE:RE:INTradebait2,
i would rejig your numbers using fully diluted o/s shares of 570,100,000 shares in addition to the 384,615,384 (for the 250MM/ 0.65 offering) we know paulson who has 11.1% will be looking to increase their holdings proportionately as well as some of us retail folk with the means to do so. This gives us ~955MM shares o/s. I would be hesistant to use the buyout figure as a baseline for the valuation (its a reasonable assumption, but i am a pessimist) i might arbatrarily use a discounted measure (570MM * 1.46 * 70% + 250MM / 955MM for an $0.87 valuation going foward) ( forgvive the lack of BEDMAS and spelling this on my phone is beyond irratating) other than that nice to see someone using numbers. Again not sayig using full valuation is/was wrong, just at this point id rather use a lower number even though SOMEONE was willing to pay that cash and our current BOD didnt think it was appropriate to bother asking us what we thought...another irratating fact...anyways, here for another year atleast. Jw