InvestorsHub Logo
Followers 506
Posts 76061
Boards Moderated 20
Alias Born 10/14/2009

Re: Ecomike post# 58

Wednesday, 01/13/2010 12:57:26 PM

Wednesday, January 13, 2010 12:57:26 PM

Post# of 5247
John Petersen @ seeking alpha pointed something strange out about the blackrock stake, and it may explain why the .56 was so cheap of an offering... i'm not sure at all so dont take me on this kooky one.

he said, "when the dust settles blackrock will own approx. 8% of O/S." The email release from Axion had a 19.6% figure. so the pps you state that blackrock paid of .56 for 19.6% may actually be .90 per share if they only wind up owning 8% of AXPW.

Too damn confusing for me - I'll wait for someone else to figure it out. anyway, i bought more just because blackrock is onboard and will hopefully also bring some power financing to their new pet project. best wishes,

malc.