RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Private Placement OversubscribedAhhhh, I can see now that you were including the current PP share funds in your $5 million total.
Please accept my apologies. I hope you can see how I mis-interpreted your statement......"
the exercising of all warrants would put over $5 million in the till"??
But for your sake, let's hope some of those warrant holders are in it for the long term.
higherhighs wrote: I see the troll isn't very good at math or he just likes to lie like his new handle "pinocchio
1)
26.25 million units at.05 = $1,312,500 2)
26.25 warrants at .07 = $1,837,500 3) 19,3 warrant at average .09 = $1,740,000
total = $4,890,000
The point is a $15 million dollar market cap with $5 million cash in the til to work with on a 100% owned property that has already traded as high as $60 dollars a share, gives the shareholders a great shot. That's all any shareholder can ask for in the venture market.
You are still a low life scumbag troll, just one more shot at your wooden nose "PINOCCHIO"
MurrayMac wrote: Oh my goodness Mr. Highs.......your figures and interpretations are a little off.
Sure New Carolin has a tremendous amount of cheap warrants outstanding, but certainly not enough to generate $5 million if all were exercised. I'm not sure what kind of numbers you were using, but you must revisit this and correct yourself.
And once again, if a LAD shareholder is looking for $0.10 or $0.15 or $0.25/share stock price......you can't get excited over a boat load of $0.05 and $0.07 warrants! They will work against you.
And what point are you trying to make about a $15 million market cap and a $0.10 share price? Is that good? Bad? Indifferent? [BTW these calculations are correct on your part].
higherhighs wrote: You do understand with 154 million shares outstanding, that would still only be a $15 million dollar market cap at .10 cents,( almost twice as high as it is now ) that would also mean all the warrents would be exercised putting over $5 million in the til. That would be enough money to start to develop the asset the could be worth $100s of millions. That is why the stock is undervalued at these levels
As far as eqt check back in a few weeks, after the definative agreement is signed, the stock won't be anywhere near these levels.
You are still a low life scumbag troll, just one more shot at your wooden nose "PINOCCHIO"