Post by
SunCasper on May 06, 2011 8:58am
Can someone explain this?
OK, I am trying to do the math.
Share consolidation seems to muddy the waters here, not sure why.
Share price was 2 cents before release I think
therefore 9:1 would raise the s/p to 18 cents
PP then is to buy at 5 cents with a warrant to buy at 10 cents
What's with this 9:1 business, as this does not make sense
Never like any kind of R/S
Please correct me here, as I am missing something or other
GLTA
SC
Comment by
chag25 on May 06, 2011 2:28pm
divide 5 by 9 = crappp :(
Comment by
bullchart on May 06, 2011 4:14pm
you mean at the 1 cent level. They have below 30 million shares and they are doing a 1 for 9? What is with that? Now my 90000 shares will be 10,000 shares and worth .18 instead of .02. Then 3 million shares outstanding? Guess thast gives them room to do some more PP's
Comment by
MRSPEC on May 06, 2011 4:49pm
IKts one to stay away from MNTBOY, Madstocktrader, Xtreme is waiting for .085 all cash offer my lord