Gold Reserve Ltd V.GRZ

How much per share is 1 billion worth

[steamfitter]

I don't think I will get much back but just wondering based on 1 billion what would be the distribution per share.

[agtavy]

With approximately 100 million shares outstanding, $1 billion would be about $10 per share gross. Taxes come out first which is either 10% or 15%.  Let's say 15%, which leaves $850 million Then the company employees get to skim off a nice chunk as a "bonus".  A bonus for what? For doing nothing. They simply voted themselves free money and share holders had no say

[steamfitter]

I don't believe there are that many share out

[steamfitter]

I took another look your right just under 100 million. 

[agtavy]

Something that just occurred to me.  While the total ICSID settlement plus interest is around $990 million, Venezuela made payments to GRZ totaling around $240 million, which the company distributed several years ago. They might have to reduce what they're trying to recover from the PDVSA sale by that amount which is another $2.40 per share. Since that payment was not directly for the

[DonOilAu54]

The first $240 million of payments were earmarked to be 100% allocated for purchase of the mining deal from GRZ; payments after that were to be attributable to the ICSID judgement. The data was not to be transferred to Venezuela until both were paid off. Venezuela breached the deal somewhat before threshhold where the ICSID amount would have started to be reduced by further payments. So any

[investorbiggie]

This is my understanding as well. VZ still owes GRZ the entire ICSID award.

[agtavy]

It's been years. I vaguely remember VZ possibly paying for the mining data but wasn't positive since I was sure they weren't to get the mining data until all of the payments were made. Thanks for that.