GREY:PRBEQ - Post by User
Comment by
Papagalloon Apr 26, 2015 11:21am
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Post# 23665249
RE:RE:What did Rooster Pay for Morrison and Cochon Aquisitions?
RE:RE:What did Rooster Pay for Morrison and Cochon Aquisitions?Difficult to value the company based on those metrics because it was only $10 million that changed hands...the rest was all stock. No independent valuation took place that I am aware of...still, Morrison owns over 80% of outstanding shares and would likely want to increase the company market cap to accelerate growth. The s/p should soar IF the P&A business is profitable and IF the oil and gas production is ramping up as expected. Like Rock said, this appears to be very undervalued and could be explosive.....let's all hope so.