GREY:STPJF - Post by User
Comment by
edmbondson Sep 05, 2014 5:58pm
268 Views
Post# 22911527
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:July production out of McKay
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:July production out of McKayYou're conceptually correct (return depends on price paid) and factually wrong (Yellow Pages equity was not a good risk/reward even at the bottom).
If you paid 12c each for 200 shares of Yellow Media before the recapitalization, you paid $24. That gave you 1 share and 0.57 warrants after the recap. Today the shares closed at $17.06 and the warrants at $4. So your $24 is worth $19.34.
If you were "lucky" enough to pay 2c per share, you have $19.34 of value today for $4 in. That is a reward of 5X for extreme risk.