GREY:LSTMF - Post by User
Comment by
orlandoflon Jul 13, 2016 10:19am
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Post# 25047968
RE:RE:they could end up looking similar to penn west
RE:RE:they could end up looking similar to penn westorlandofl wrote: orlandofl 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.
I guess it is only 2.25% * 2 = 4.5% - makes it a little worse as I was basing it on 5.5% - if we are lucky we will get a break even on shares - could have been 0. If they keep current management it just buys them time to drive it back down to 0.