GREY:BXEFF - Post by User
Post by
OftenwrongNIDon Jun 19, 2019 9:29am
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Post# 29839452
SEC reported
SEC reportedThis is as obvious as it gets.
With a market cap of 7M and debt of 330m.
The company can pay 30m for a company with enterprise value of 360m.
If the sentiment etc improves down the road and the enterprise value triples to say 1b (less than book value).
The 30m investment by the company is now worth 640m or 20x!!
If it doesnt and it goes bankrupt, they lose their 30m.
BUT THE COMPANY IS AT 7M.
3:30-4pm it will be shorted down again.
The liberals would love an oil and gas frauding the public shareholders story.