Tuesday, July 22, 2008 2:00:43 PM
From: benhettin...@gmail.com - view profile
Date: Tues, Jul 22 2008 1:02 pm
Email: benhettin...@gmail.com
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OK, now the numbers are making a little more sense with HK$ to
account for.
Lets do minimum on big board HKEx.
5 HK$ = 0.64 US$
to meet min ADR requirement of $3 you would only need < 5x metric.
(4.69).
That would still mean an increase of 1600% but seems more reasonable
than 5000%.
Min on (GEM) would be 2 HK$ = 0.2566 US$ and would require 642%
increase and <12x metric.(11.72)
This is still quite a jump(0.216 US$) but I could see if some
investors jump on board with some capital this could happen.
.216 US$ x 164.47 million = 35.5 Million $ for lower ammount
.60 US$ x 164.47 million = 98.7 Million $ for higher ammount
That is not a lot of money in the grand scheme of the investing
world. Plus if their company is doing the business they say they
are their stock price should go up of it own accord.
Time will tell.
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