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Re: DOLPHY post# 42359

Sunday, 08/23/2009 4:51:28 PM

Sunday, August 23, 2009 4:51:28 PM

Post# of 68510
Yes they did. There was a 75 share to 1 PTPC share exchange. PTPC shares then became ZENG shares.

An interesting thing: PDGT shares were at .0001. After the 75:1 exchange they were at .0075. (Don't get too excited as they would be worth the same $ as before.) These shares became worth .096 at the peak of Zenergy share value - a gain of 12 times. That today would be worth .031. An example:

1 M PDGT shares at .0001 = $100
13.3K PTPC shares at .0075 = $100 - 75:1 split
13.3K ZENG shares at .096 = $1280 - peak of ZENG
13.3K ZENG shares at .031 = $413 today

Now most PDGT shareholders were long and averaged in at between .0007 and .0004. Those shares would need $700 to $400 to break even.

Moral: it would have been better to sell on the rise of ZENG and reacquire after you see what the meaty PR says.




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