I would be able to answer that question better if I knew how many shares were in the float and what type of assets the company currently has. However, I would look at it as a similar situation of when a company first goes public and gets to choose their valuation and where they would like to start trading in the market.
Because the new Mondial had shares returned and cancelled as opposed to reverse splitting "previous management" out of the deal (which is very common), there obviously aren't any significant sellers to hold the stock back from trading at its current levels. Certainly, this recent news about production will help substantiate the price based upon their current share structure.
The positive thing for EFIR shareholders is that the higher the price of Mondial, the greater valuation we add to our balance sheet. Between the 14 million shares of MNVN, current oil & gas production, and new drilling programs on the short term horizon, the Company may finally be able to pull their head out of their rump and finally run a successful business. I would look for their 3rd quarter to be the strongest quarter in their history. IMO
We shall see....
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