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Re: RichDude post# 33865

Thursday, 08/21/2014 7:06:36 AM

Thursday, August 21, 2014 7:06:36 AM

Post# of 70623
Yep. Apparently ihub -just as otcmarkets still does- counts an old OS which was 2.8B many months ago. It's very simple, market cap is OS x PPS. OS now is confirmed 6.4B as per latest filing (and rising), so you do the math.

But it is really ridiculous to calculate a future market cap of 75B (from one supposed Kreyenhagen lease without even confirmed oil at their spot). That's half of what BP is worth.

Plus with all the toxic debt still there, I believe OS might even double again before they start even the first hole - if ever. They have not done any mapping so far, nor invested in drilling tools, no cash on hand, nothing. 6.4B shares sold and from those revenues bought... nothing.