Post by
kingfisher7 on Feb 17, 2015 3:40pm
READ THE NEWS BEFORE TALKING
Virginia Hills Co is going to be a new entity with 28 million shares outstanding.Still going to own 90% of PRY assets which according to the 10% acquired by Cardinal for 23.5 million are worth 211 million.Will use the 23 mil to pay down debt leave us around 89 mil.Will have the right to purchase 8 shares for every one Virginia for 0.25.First day of trading will open @ 1.00-2.00.That,s why all these cheapies are being bought by the educated rich. GLTA
Comment by
bargnhillbilly on Feb 17, 2015 3:57pm
Well, I like to talk while I read but I'm glad you mentioned The Arrangement Rights to buy shares @.25 That's what I'm studying now. What happens today or next week doesn't concern me as much as what we will own a year from now. I was just hoping for a good conversation from shareholders on this board on the news. Without any name calling or irrational behavior.