PFNO heating up. Little info here I've pulled. Honestly I haven't validated this as I'm slammed at work and I'm not going to hold this stock too long.
Do I believe any of it to be true? Absolutely not... Will it potentially drive this stock through the roof? Maybe.
The Corporation holds 2,400 5.5% ING EURO BEARER BONDS DATED FOR REDEMPTION JUNE 16, 2010, each Bearer Bond having a face value of 1M Euros. The Corporation is entitled to all accumulated interest due since the issue date of the Bonds, June 16, 2000.
Common stock, par value $0.001,
2,000,000,000 shares authorized,
804,280,671 shares issued
Calculated with entire authorized:
bearer bonds alone:
$3600000000 / 2000000000 shares = $1.80 cash per share
with additional 1 billion dollars in interest added:
$4600000000 / 2000000000 shares = $2.30 cash per share
Calculated with current O/S
bearer bonds alone:
$3600000000 / 804000000 shares = $4.47 cash per share
with additional 1 billion dollars in interest added:
$4600000000 / 804000000 shares = $5.72 cash per share
AND THIS EXCLUDES THE DRILLING PROJECTS PROJECTED REVENUES
