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dirtdog

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dirtdog

Re: DP1981 post# 2506

Wednesday, 02/22/2012 1:58:18 PM

Wednesday, February 22, 2012 1:58:18 PM

Post# of 2998
Well they say the company is worth 27 million,they already have about a quarter billion shares out,they want to sell more in Europe!They must have a share price of .10 euro to start trading on Frankfurt.If I understand correctly.So that makes current shares at 10 cents taking up the entire book value of the company.If you can get book value.So every share they issue will dilute value accordingly.Remember it has to trade at about 13.6 cents US in Frankfurt.How do you get there?I'll bet it will be at least a 10 for 1 RS,most likely 25 to 1.
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