MNP Petroleum Corp. (MNAP)

[AThirdView]

Good question. If $35 million buys 60%, the remaining 40% is worth (4/6)x $35 = $23.33 million.

Divide that by the number of shares outstanding, around 172 million, and we get a stock price of 13.5 cents/share.

I'm not sure why the stock price has gone down on this news. Perhaps some people who bought in at 2 cents or under are looking to take profits.

Also, given the history of failed deals, some investors are probably waiting to see the first $3 million hit the Company's bank account before becoming believers.

Then again, judging from how few messages there are here, I'm not sure how many people are following this stock anymore. Management needs to get the news out to the street.

In the medium term, after the $3 million is in the bank and investors realize this is for real, the stock price should head to the 13-14 cent range.