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Wednesday, May 03, 2017 11:07:45 PM
400,000 shares of PMEA bought at Trip 6 today would have cost you USD $240. If that 400k PMEA shareholder were to receive 1 share of SEIL which closed today $0.069 cents for every 8 shares of PMEA --- that would be 50,000 shares divided by 8 = 50,000. 50,000 shares times $0.069 = $3450 - which would be the value of the PMEA investors' 50k shares. YESTERDAY (Tuesday) SEIL was trading at between $0.052 cents and .07 cents.
If I had those 50,000 shares of SEIL (after the PMEA deal) on 03/20/17, when SEIL closed at 0.68 cents that equals $34,000 for my $240 investment.
If I had those 50,000 shares of SEIL on 03/24/17, when SEIL closed at 0.85 cents my $200 investment would have been worth $42,500. That is nothing to laugh at.
Imagine latching on to one of those quick rising 'waves'? SEIL trades finicky/erratically. I like the excitement of that.
Sorry: last post was after 1/2 glass of red wine too much.
“Too many people are thinking security instead of opportunity. They seem more afraid of life than death.” – James F. Byrnes
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