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splintered sunlight

02/08/24 9:01 AM

#2530 RE: Gnarlyman #2529

Excellent points.
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fink

02/08/24 10:38 AM

#2531 RE: Gnarlyman #2529

I forget the play years ago, ENGA. A holding Company. Merged in a few dead shell plays just to absorb the market caps into their balance sheet.
It's the first thing one CEO asks another CEO at a cocktail party. Like sizing up dick size. I've heard it. What's your Market cap? Without getting into operational details.
Are you a $1m Company or a $650m + Company? Shows what they are managing.

Not that it's what is going on in here. There would be way more pump going on.
I'm no CPA, but shares in treasury must account for some value with the bottom line? 450m in AESO's treasury is a lot is gas left in the tank.