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Shamantiks

03/09/07 12:22 PM

#23 RE: Shamantiks #22

I just did some rough calculations... I didn't realize before that ELRI was already trading! They're at .03 per share, but recently ran to .08.

INNX is at .30. Giving out 7 ELRI shares for every 1 INNX. 7 times .03 = .21 dividend value.

So the dividend is worth around 70%! and you get to keep the INNX. And ELRI might even be free trading immediately, I don't think it will be restricted.

If ELRI just goes up from .03 to .04 after we receive... we won't even need our INNX shares at ALL, we'll be even.