Followers | 131 |
Posts | 19188 |
Boards Moderated | 0 |
Alias Born | 07/14/2011 |
![](https://investorshub.advfn.com/uicon/283274.png?cb=1546097569)
Monday, August 29, 2011 5:41:42 PM
Looking at note G in the quarterly and doing some math(hopefully correct)based on those numbers. Does this suggest that someone was handed 700 million(immediately available open market)shares in exchange for $321,700 in cash being a cost basis of .00045857 per share?
Are there no holding time requirements on a 504 placement as in the shares are available to sell immediately?
Does this suggest that any sale above .001 is a 100% profit on that investment therefore the seller doesn't give a crap about the present share price?
Full disclosure. I doubt your response will convince me to unload my million shares but in the interest of my continued investing education I look forward to your answer.
One day at a time
FEATURED Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • Sep 10, 2024 11:00 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM
North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California • NBRI • Sep 9, 2024 9:15 AM