GREY:LSTMF - Post by User
Comment by
orlandoflon Jul 13, 2016 10:13am
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Post# 25047920
RE:they could end up looking similar to penn west
RE:they could end up looking similar to penn westorlandofl wrote: penn west is at about $1.40 USD
- with the 80% dilution in shares (2.75% on 100m SHARES = 5.5% on 200M shares)
- that would equal about 8 cents a share USD - it is currently at around 0.13 - not good, but not a total wipeout
- difference is that PWT now has good management while LTS management just sucks
Quick analysis gives me errors - I believe PWT has aroudn 200M shares - so that would double the price of LTS to equivalize LTS to PWT - that would be $0.16 USD - which is a breakeven on my latest purchase. I don't count warrants as they are so far out of the money. The price to match PWT would be $2.80.
These are really rough calculations, but should be somewhat in the ballpark.