NERG - 42,761,863,781 outstanding shares (as of their last quarterly report) at $.025/share would cost the Russian company $1,069,046,594 to buyout NERG.
I can't believe anybody would believe that somebody wants to buy NERG for over $1 billion.
Look at all the millionaires that would be created:
CMB Gas Wells and Equipment who owns 26,100,750,000 shares would be bought out with a check for $652,518,750
Kevin Trizna (the CEO) who owns 2,040,000,000 shares would be bought out with a check for $51,000,000
Steffan Daalsgard the IR person responsible for helping but out these BS press releases who owns 1,020,000,000 shares would be bought out with a check for $25,500,000
SJM Holdings Inc the CPA helping with the Audit for their future uplisting (haha) who owns 408,000,000 shares would be bought out with a check for $10,200,000
Gerald Luken who owns 3,060,000,000 shares would be bought out with a check for $76,500,000
Arnold P Guttenberg who owns 3,060,000,000 shares would be bought out with a check for $76,500,000
And our Note holders (David Rodgers and Gordon Pardy) as well as their nominees they are using to divide up their 13,035,060,000 free trading shares they received for the conversion of their $750,000 debt Note to keep ownership under 5% for each individual shareholder connected to the conversion of that debt would be bought out with a check for $325,876,500 (assuming they haven't sold any yet which I'm sure they have)
too funny. I wonder if any of the people over there pumping that stock have actually stopped to think about how ludicrous the press release really is.
AI
