Sunday, October 25, 2015 6:51:39 PM
Remember this. There are a lot of us here, holding some large positions and unwilling to sell, until the spin off details are made clear. The shell FERNHILL bought is trading at $2.25 X $5.00. Do you really think I want to give up my spin off shares for even .008? Not likely!! LOL!!
So, there are not a whole lot of shares available here. I talked to Buzzy yesterday, and there are no dilutive shares waiting to get dumped.
That being said, good luck to those newcomers that want to steal shares at .000x. Those shares, for sure won't be around long. And getting cheap spinoff shares for a company that is quoted $2.25 X $5.00 is going to require some real ingenuity.
With a 12 to 1 spin off ratio, that makes each VGID share intrinsically valued at (MFOV bid @ $2.25) .1875. Even if the MFOV bid fell to $1.00, each VGID share has intrinsic value of .083 a share.
Good luck to all. I'm holding all my shares.
For Real means "Being in Tune With Fact, Honesty & Reality"
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