Vantage Drilling Company Common Shares (VTGDF)

[luvgrowth]

Re: Unsold shares kicking in...
VTGDF PPS targets considering all those already (and ongoing?) CANCELLED (UNSOLD) SHARES…
How many VTGDF shares remain in circulation? Which of the following OS counts are most probable? It makes a large difference regarding VTGDF PPS price targets…Food for thought:
Consider for VTGDF:
+17milly, accounts receivable
-25milly, 5.5% unsecured convertible note due 2043
-71milly, F3 capital unsecured F3 capital lawsuit
+168.34milly, enterprise value:13.1% of VDI worth (as of June 17, 2016) $1,285milly

Equals $89.34milly

Which is $136.37 per VDI share (5mil OS)
Which is $0.285 per VTGDF share (313mil OS) …all shares remain in circulation if none unsold.

Which is $0.317 per VTGDF share (281.7mil OS)…if 10 percent unsold removed from calculation
Which is $0.357 per VTGDF share (250.4 mil OS)…if 20 percent unsold removed from calculation
Which is $0.407 per VTGDF share (219.1mil OS)…if 30 percent unsold removed from calculation
Which is $0.476 per VTGDF share (187.8mil OS)…if 40 percent unsold removed from calculation
Which is $0.571 per VTGDF share (156.5mil OS)…if 50 percent unsold removed from calculation
Which is $0.714 per VTGDF share (125.2mil OS)…if 60 percent unsold removed from calculation
Which is $0.95.1 per VTGDF share (93.9 mil OS)…if 70 percent unsold removed from calculation
Which is $1.43 per VTGDF share (62.6 mil OS)…if 80 percent unsold removed from calculation
Which is $2.85 per VTGDF share (31.3mil OS)…if 90 percent unsold removed from calculation
Which is $5.69 per VTGDF share (15.7 mil OS)…if 95 percent unsold removed from calculation

An example of the filings that deregistered unsold shares:
“This Post-Effective Amendment No. 1 to the Form S-3 Registration Statement (Registration No. 333-171249) (the “Registration Statement”) of Vantage Drilling Company (“Company”) that was declared effective by the Securities and Exchange Commission on January 19, 2011, is being filed to deregister all of the ordinary shares that remain unsold by the selling shareholders under the Registration Statement. Pursuant to the Registration Statement, 150,320,629 of the Company’s ordinary shares, par value $0.001, to be sold by the selling shareholders were registered.”

March 24 2016 VTGDF SEC filing: https://www.sec.gov/Archives/edgar/data/1419428/000119312516516749/d139920dposam.htm, accessed Aug 17 2016

…it would be advantageous to owners of VTGDF shares if very few VTGDF shares remained in circulation…imho…