Saturday, November 10, 2007 5:40:24 PM
The PPS ultimately bottomed at about $1.90 in late September 2006. Last week URRE peaked at $14.99 and closed Friday at $13.12. A clear success.
As a side note, I owned 20,000 shares at 0.40 for an investment of a mere $8,000. At friday's close it would have been worth $65,000. I sold at a loss, somewhere around $4 or $5, on the fear factor after the dreaded reverse split. Doh!
One key difference here though is that URIX had something a little over 200MM O/S. URRE now at 52MM O/S. I don't know, but just for talking purposes CHDO could split 1:12 at 0.45 or 1:10 at 0.50 or so then after the required time uplist and go to $10 or more.
1MM shares today could easily be worth over $1MM if by chance CHDO parralleled a scenario like URRE.
Hope springs eternal...
Uranium
$ The most popular labor saving device is money $
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