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Re: rrufff post# 4943

Tuesday, 12/20/2005 10:01:35 AM

Tuesday, December 20, 2005 10:01:35 AM

Post# of 311063
Thank you for your very informative posts here recently, rrufff. As a newbie to this board and penny stocks generally they have been most helpful.

You said: "OTOH, as this is trading as if the float is 200 million or more, if the float is really 20-40 million, then the stock is almost an immediate multi-bagger if they can prove that there have been no significant changes in the capital structure."

As far as we know the worst case scenario is that the entire 200 million A/S are being issued on a gradual basis. At current prices this would mean that the market is valueing this company at about $500k (200m x .0025) That's about the price of one loft! What am I missing here?