Thursday, February 03, 2011 11:40:15 AM
fecof trades at just 1% the market cap of philex.......
so even though philex owns almost 39 percent of fep
and 50% of fecof......< combined is roughly 52% of fep >...
fecof seems like the best way to capitalize on fep.........but if philex drops back down to 20 cents..........that might be the more secure stock to own since it is currently already making profits and has cash.
philex at 1 billion will also shoot through the roof if they own a piece of the largest oil discovery since iraq<if at all any of it is true> xom exxon mobile is a 400 billion dollar company....so if the best of all things ever panned out in this story, philex would reach a 100 bil market cap too in just a few years..maybe 2 yrs....
52% of a huge find is better than 26%....even if you already are a billion dollar company. didnt philex originally buy 50% of this company for chumpchange? what makes people think they wont buy the remainder of the company for chump change as well......they own 50.4 % of the company...they dont need your permission to by it all up for just 10 cents.................
just saying there are many different potential outcomes.............. I am tempted with a bigger move from fecof i just think the game is rigged.
just a thought
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