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Re: Buckey post# 1825

Monday, 03/15/2010 5:21:35 AM

Monday, March 15, 2010 5:21:35 AM

Post# of 39476
$5.72 is the value of the preferred shares given an o/s of 804mil. The true value of the prefered shares is %3.70 at an o/s of 978mil.The value of our common stock will be the developement of the oil field that the bond interest is ear marked to develope.500 million barrels of proven recoverable oil @ $80 a barrel is worth 40bil.That equates to a pps of around $35 IF the bonds , and the management , and the developement all fall into place.It doesn't take a truck load of Aggies to realize that a $2000 position here is worth the roll of the dice friend.GLTA
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