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Foxwoods Man

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Foxwoods Man

Re: steve_r509 post# 9523

Tuesday, 09/14/2010 9:53:18 AM

Tuesday, September 14, 2010 9:53:18 AM

Post# of 49068
Problem is you are confusing share price with par value.

If a company uses 2 billion shares to purchase something it is the price of the shares that determine the value NOT the par value.

2 billion shares x 0.0005 = $400,000

i.e Google stock has a par value of 0.001

If they bought a company for shares it would NOT be at 0.001/share value but at $482/share value

"My money last longer at Foxwoods than here"

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