Don't know about the number of shares exchanged as specifics were not provided, but the corporate officers of Ro-Mac-Gold seemed to have run numerous "blank check" businesses. Therefore, I would not expect there to be much stock exchanged by Phoenix to purchase Ro-Mac as it had no assets, no real offices, business entities, nothing but shareholders who owned a shell. Hey, that sounds like a few of the other pennies I own...and some of the ones that others who bash PBLS own. Ironic that the real penny I own that's not an empty shell has little hype and a struggling pps, while some of the others that are pumped-up shells see significantly higher pps' on dreams and speculations. Ah, it can be a cruel world...come of PA, open up this gulf coast oyster and show us some pearls!
Ren
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org
