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Re: floydborga post# 55971

Thursday, 05/05/2011 9:57:47 AM

Thursday, May 05, 2011 9:57:47 AM

Post# of 173290
It would only be $70.00 if there was no increase in outstanding shares after the R/S.

For example, let's assume (for the sake of conversation and easier math) there was 70M shares outstanding at the time of the $7.00 projection and R/S. That would equate to a projected market cap of $490M. The 1 for 10 R/S occurs and you now have 7M shares outstanding. In order to reach the projection, you would need a $70 share price.

However...today we sit with 700M shares outstanding. Therefore, to reach that projected market cap of $490M, we need a $0.70 cent share price.

No fuzzy math here IMO

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