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S&P 500
5,728.80
(
0.41%
)
US TECH 100
19,528.00
(
0.90%
)
Dow Jones
42,052.19
(
0.69%
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72.91
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Post# of 16569
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Gr8DaneStocks

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Gr8DaneStocks

Re: Gr8DaneStocks post# 352

Wednesday, 06/04/2008 12:40:13 PM

Wednesday, June 04, 2008 12:40:13 PM

Post# of 16569
WHY WERE LOW, along with good info

In reply to my Good info post

Why are we low? Well we just had 25Million new shares dilute the past two days, now that dilution is over we have the all the Outstanding Shares: 62Million (did 85Million volume yesterday, sell outs, new buy ins) to get rid of short sellers and to exchange shares to longer term holders

The math 62Million shares / 260K market cap = 0.0041 share price

The share price just adjusted to 0.0041 because dilution, that's the bottom price for the market cap

This company diluted to pay for 300 new oil wells, that's growth

Growth ups the market cap which ups the share price

So gains to come, we're paying bottom price right now


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