Black Dragon Resource Companies Inc (BDGR)

[oil export]

ACCORDING to the financial of 2005 the shareholders equity was 10,200,000 and there where 22,000,000 shares that 0.465 $ per share.
oil companies at size like that usaly traded 2.5 times the s/h equity that is 2.5x 0.465= 1.15$
Now the big question is what we got for the dilution from 22 milion shares to more then 50 M .
If most of the dilution was when the s/p was high (and it was)we are at a very good position because we know that BDGR have now more production and more assets so the s/p will go up because it undervalued price and that is the reason the when the financial of 2005 came out at let friday the s/p rebound from 0.22 to 0.25-0.26 in 30 minutes and today it will continue to rise .