Saturday, March 09, 2013 1:14:33 PM
and from what I can gather.. if they issued shares to acquire these companies with no par value attached them who knows.. how much those companies are actually worth...
anyone please jump in and correct me if i'm wrong..
lets use Airtonas merger agreement since i cant find any info or products for the other acquired company..
150,000,000 shares for Airtona. what is Airtronas value? what does the cash flow look like? is it positive?
lets say they put a value on Airtona when they acquired it and said it is legitimately worth only $1M ... then 150,000,000 shares to acquire would equal a PPS of .0067
Airtrona worth $2M? that would equal PPS of .013
$3M = PPS of .02
and so on.. so when I see that shares were issued with no value attached them I have to discern for myself what I think the value of the company is then figure where that would properly put the PPS
So the question remains... CCRY acquired both of these companies what is the total value of this new entity? and where will that put the PPS...
From what I can see based on that link i provided and from where Pimpin's awesome DD Sticky takes us....is this..
26 November 2012
150,000,000 shares x2 for acquistions
03 December 2012
352,250,000 shares of common stock EXCLUDING NOMINEES AND BROKERS
(of this number 292,500,000 shares owned by 2 execs = 83.04%
that gives us a 59,750,000 float without the acquisition shares.. add those and we have a 359,750,000 share float(as Apollopenny mentions here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85491522
which has traded hands at least once this last week.. on top of that looking at the same % gains, with less volume leads me to believe the float is being locked up either buy a ton of retailers or someone who is in the know.. and IF we can get another 200M volume day in the right direction.. this is going to EXXXPPPLLLOOOOODDDDDEEEEEE
sorry for the length just my 2cents :)
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