Pancontinental Energy NL (PCOGF)

[korpin]

is there not going to be 1 billion shares floating around after the next fund raising???...and they get 16% of the "take" of the current well?? well even if they hit 1 billion barrels of oil at 16% and 1 billion shares they are still overpriced at 17 cents a share are they not?????am I missing something?????maybe my math is wrong if so let me know but this looks like a suckers bet