one of my goals over the years with Tirex, since i wanted to get one million shares when there were only 100M out there ( acc. to pinksheets.com at the time ) was to have 1% of the company.
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one reason, while below the 5% reporting threshold, 1% would still be significant and noticeable to the company's management and board .
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and with penny stocks, especially the sub penny ones, getting to 1% can be a reasonable project . a million shares at $0.001 is only $1000.00, not too much . TXMC was a exactly one tenth of a cent when i started this fantastic voyage.
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i am also trying to buy 1% of NTUR, which is getting quite hard to do as the stock approaches 2 cents, too rich for me !
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one big reason to get to 1% of a company's stock is that calculating your share of the companies revenues, profits or market cap is really easy, just shift the decimal point to the left twice.
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so, at this time, 1% of Tirex is 25 million shares. a few people here have reported in that ballpark - i wonder how many people own 1% or over ? i think i remember one person reporting 50M shares or so, which would be 2% of the company, which is just too wonderful to contemplate.
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so if you own 1% of Tirex, and the company becomes worth $200 million dollars, then you are worth $2M, too easy to calculate for sure, but also too wonderful to contemplate.
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three cheers for JT when he completely finishes the first deal or two, when my 10M+ shares will be worth ????
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snowiegeorgie, anxiously and patiently waiting
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