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Re: None

Wednesday, 04/04/2007 11:50:19 AM

Wednesday, April 04, 2007 11:50:19 AM

Post# of 46027
I repeat...

Try to see the financial statement this way:

Stockholders equity = 48,718,825
Total of shares = 619,400,388
Equity each share = 0.0786 $

Let's assume the company bought back 19,400,388 in the past 3 months - equity each share is = 0.0811 $

On the other hand - Current price each share = 0.0445
Current equity each share = 0.0786 to 0.0811 $

Current value of all shares = 619,400,388 * 0.0445 = 27,563,317 $
Current stockholders equity = 48,718,825

This has to bee compared to the income statement, where we can see a net income of 5,563,279 $
Net income each share = 0.00898 $

Net income compared to stockholders equity before adding net income = 5,563,279 * 100 / (48,718,825 - 5,563,279) = 12.89 %

____________________________

Sum of all

Perhaps disapointet, but you are a shareholder in a company which currently shows:

1. Net profit of more than 5 mio. $
2. Current share price only nearly half the stockholders equity from the financials
3. PPS is extremly low compared to other oil stocks - and especially stocks that creates net profits.
4. The company are trying to show some action - financials, delisting in Frankfurt - and more to come...

So - if the question is not - "DO YOU WANT TO BUY MORE SHARES" then it has to be "DO YOU DARE SELLING YOUR SHARES" ?