Replies to post #41135 on Stockitution

[pepeoil]

Bwahaaaaaaaa. He returned them and issued himself preferred shares thus hoodwinked commons. Bwahaaaaaaaaa. But it sounds good, Wright? Bwahaaaaa

[bigstocksnbonds]

Thank you for that great info!!

[Elcappy1]

Awesome post Tyrus603! $CGRA is staging up nicely for the month of November!

CGRA rm/buyout PRICE TARGET w/CGRA ceo Bill Wright as my guide...

According to CGRA's 24-page September quarterly report plus financial statements /addenda that buccaneer was kind enough to post here tonight I am reading the Bill Wright voluntarily gave back 60 MILLION of the 107 million CGRA shares that he had previously held according to a previous CGRA quarterly report in its recent history.

You read that correctly: The CEO of CGRA returned 60 million shares and settled for having 47 million apparently to get this buyout deal DONE.

Talk about "taking one for the team"!!!

OK so how much $ do we think a longstanding ceo of a company like CGRA should expect to realize from such a buyout deal, for all his sweat tears and anguish over his time spent trying to make it a success?

To retire on at least half comfortably for himself and his family in Washington State?

For infotainment purposes I'm going to say $10 million. Which is kinda lowball, especially if you think about income taxes cutting out of that.

Now a math question: Given a company (C) having 491 million shares outstanding, what minimum share price would (C) have to be trading at in order for 47 million shares to = $10 million dollars?

Answer: $10,000,000 divided by 47,000,000 shares = 21 cents

Which is why I put the bottom price target for CGRA at 5X from here.

Does he get $15,000,000 instead? 30 cents a share.

And so on.

My hope is that Bill Wright and the rest of CGRA's shareholders receive a 5X to 20X equivalent value in a share exchange with an already established publicly traded oi/mineral co