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Re: pinkstocktrader post# 8

Tuesday, 10/23/2007 5:42:51 PM

Tuesday, October 23, 2007 5:42:51 PM

Post# of 259
Those number are usually very outdated but let's use those numbers for now.

Typically reverse mergers the new company ends up with 90-95% of the shell.

So let's say 5 million shares OS now and that the Israelis buying GBNW are fair guys and will only own 90% of new company.

That would give us 55 million shares outstanding after the merger. The PR referenced a value for the new company of 22-28 million dollars.
55 million shares OS with a market cap of 28 million, gives a share price of .50 per share fair value.

What did this close at today? .50 per share




2008-The Rainmakers Moneymakers. stock symbol RAIN
http://investorshub.advfn.com/boards/board.asp?board_id=11575


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