GREY:SMBZF - Post by User
Comment by
kjs4381on Nov 05, 2015 1:57pm
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Post# 24263008
RE:5 cts.. Qui bono?
RE:5 cts.. Qui bono?
I think when you say Essel will have 68% for 3.5 million dollars is a little misleading. You fail to include the 100 million plus they are putting out for Seismic, drilling and other exploration costs. Also now with 40 million shares of their own seeing the sp increase is greatly to their benefit as well. They didn't become a 12 billion dollar company by being stupid.
Just a side note for those concerned about dilution check out a company FO on the venture, even though they are 13 cents today they were as high as 7 dollars and they are around 900 million shares outstanding. I only mention them because we still can achieve a huge sp increase even with a few hundred millon shares outstanding.
JMHO