Vantage Drilling Company Common Shares (VTGDF)

[luvgrowth]

VTGDF PPS targets considering all those already 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:

+168.34milly, enterprise value:13.1% of VDI worth (as of June 17, 2016) $1,285milly ... obviously higher as of July 30 2018 as we have won the petrobas lawnsuit and have so many more contracts for our drillships and drillers

Equals $168.34milly

Which is $33.67 per VDI share (5mil OS)
Which is $0.538 per VTGDF share (313mil OS) …if all shares remain in circulation if none unsold.

Which is $0.598 per VTGDF share (281.7mil OS)…if 10 percent unsold removed from calculation
Which is $0.672 per VTGDF share (250.4 mil OS)…if 20 percent unsold removed from calculation
Which is $0.768 per VTGDF share (219.1mil OS)…if 30 percent unsold removed from calculation
Which is $0.8978 per VTGDF share (187.8mil OS)…if 40 percent unsold removed from calculation
Which is $1.08 per VTGDF share (156.5mil OS)…if 50 percent unsold removed from calculation
Which is $1.344 per VTGDF share (125.2mil OS)…if 60 percent unsold removed from calculation
Which is $1.793 per VTGDF share (93.9 mil OS)…if 70 percent unsold removed from calculation
Which is $2.69 per VTGDF share (62.6 mil OS)…if 80 percent unsold removed from calculation
Which is $5.378 per VTGDF share (31.3mil OS)…if 90 percent unsold removed from calculation
Which is $10.722 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 July 30 2018

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


Assumptions: Ignored any interest owing VTGDF since 2015, ignored new drilling contracts that increase revs, ignored $600 000 000 Petrobas lawnsuit win over illegal killing of drilling contract, no stapled notes are converted to common shares, no legal fees owing, …