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Re: CascadeInvestments post# 12833

Wednesday, 04/11/2018 12:27:52 PM

Wednesday, April 11, 2018 12:27:52 PM

Post# of 54148
The dilution factor is comparing the book value of $0.91 (after the increase from $0.44 due to cash increase of $52 million, yes money in the bank, you know the kind that prevents bankruptcy due to non existing debt) to the strike price of $5. The 81.8% dilution is the premium attributed to the share price. That "dilution" factor would be bad only if there was no oil. And we all know there is oil. The book value in the calculation does not account for an oil reserve asset and revenue.

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