RE:RE:RE:Question on deal with RodriguezShareholders here should be tickled pink!! The coup that management just orchestrated in what really can be viewed as a share "buyback", equates to a value-added at what would be on a per share basis of about $.18 per share. Here's the math:
$1.5 million paid for a 4.5% increase of ownership.
187 million shares outstanding times .045% value increase equals 8.4 million " shares".
$1.5 million divided by 8.4 million shares equals $.18 a share.
This perspective makes me feel very good. As a believer in this project in its very early days, I was pained to see management give away in various PP's shares for like $.10 or $.12 per. Ouch....Today's buyback kind of equals out the score. Good job guys....Let's get those drills turning!!