Monday, December 26, 2005 5:17:32 PM
of SNYY it means according to the post below that we SNYY shareholders still have a piece of Terra and Kachina, correct?
http://www.fcahc.com/wtb.html
***********************************************************
26 Dec 2005, 04:25 PM EST
Msg. 3813 of 3815
Jump to msg. #
FCDH sold Kachina Gold Mine & Terra Block to SNYY, so as to invest more into Blackout/The Fight Network.
SNYY paid FCDH from restricted shares for the value of Kachina Gold & Terra Block. The windfall from the sale of these two companys was based upon the value of SNYY shares at the time of purchase. The value of SNYY at that time was $1.20 PPs which equated to approximately $0.20 PPs of all FCDH shares. This was exactly a 6:1 split, IOWs, for every 6 shares of FCDH $0.20 would equal 1 share of SNYY $1.20.
6 X $0.20 = 1 X $1.20
This formula to derive the 6:1 split would mean that if every share of FCDH was to be cashed in on that day, it would have brought $0.20 PPS. However, since they were restricted, this value is not realized and it maybe realized for less or more after the 1 year restriction is lifted.
What does SNYY get out of this? --> They get Kachina Gold Mine and Terra Block with all their contracts.
The windfall/dividends from the sale of both companies was paid to FCDH with restricted shares. This means that FCDHers will be able to cash in their SNYY shares on January 7th 2007 at the value of SNYY at that time.
To date, the SNYY shares have increased in value by $0.30 PPs, which now equates to SNYY $1.50 PPs.
GLTA!!!!!
FEATURED ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • Oct 10, 2024 8:09 AM
FEATURED CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM