Replies to post #3840 on Century Petroleum Corp (CYPE)

[trademax42]

Agreed bb. It may run, to what extent is anyone's speculations at this time.

One key factor for market is the level of market capitalization (MC). For example, with one dollar PPS, the respective MC of the three companies will be:

CYPE's MC = $271.8 million.

LRD*'s MC = $1.9 billion

WAS*'s MC = $10.8 billion.

Assuming the same fundamentals in terms of revenues and assets, which clearly shows CYPE's will have a significant catching up to do under this hypothetical scenario.

And then, will the fundamentals be same among three companies? Not sure if they will be the same.

Lrdr float is about 100m it will still run once merger is filled imo like wsml it’s odd cause of low float and high restricted share count.

$CYPE$

Disclosure: My posts are just my opinion, not intended for investment advice. Do your own DD before trading decisions.