To recap: Mr. Ford bought 91% of the company for .20 @ share... and that should have set the bar for retailers but in all the excitement to get in on the deal retailers took the pps to $1.68 (or 8x what Mr. Ford paid). Other contributing factors were - short covering, chart readers and buzz traders.
EI could confirm this but I wouldn't put billionaire Michael Price in the same league as billionaire Gerald Ford when it comes to bank dealings ...but both men do have their followers. In the PCBC case retailers paid up to 7x what Mr. Ford paid. In the FSGI case retailers paid up to 4.5X what Mr price paid.
I fully expect FSGI to drift down in pps now just as PCBC did...but after that the comparison to PCBC and Mr. Ford end!
*So did Mr. Ford create some billionaire envy among his peers? lol..I wouldn't be surprised. I think Price saw what Ford did when he turned $500MM into $1.5 Billion in a little less than 2 years! Not a bad ROI!
http://www.businessweek.com/stories/2010-05-05/a-new-banking-bet-for-billionaire-gerald-ford
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73213658
Learn something new every time you invest...and take it with you to the next opportunity.
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM
Unitronix Corp Unveils Cryptocurrency Investment Portfolio Strategy • UTRX • Oct 2, 2024 8:40 AM
Integrated Ventures, Inc Reports Total 2024 Revenues Of $5,863,935 vs $3,862,849 for 2023. • INTV • Oct 1, 2024 9:00 AM
Nightfood Signs Letter of Intent to Acquire Los Angeles Cooking School, Integrating Automation and Robotics with World-Class Culinary Training • NGTF • Oct 1, 2024 8:30 AM
ZenaTech, Inc. (NASDAQ: ZENA) To Commence Trading Today • COOP • Oct 1, 2024 7:00 AM
Element79 Gold Corp secures loi for launching tailings reprocessing business in Arequipa, Peru • ELMGF • Oct 1, 2024 6:38 AM