News Focus
News Focus
icon url

ghcnj

08/23/09 4:35 PM

#42360 RE: DOLPHY #42359

I am sure Wizard would know more then me about Paradigm but let me give it a shot on how I see it. The prior company Paradigm was a scam run by a guy named Vinny who just sold shares and had no marketable products, just IMO of course. Paradigm had 1.5 Billion A/shares and I don't know how many were issued as of 05/29/2009 when they did the 1-75 reverse split and changed the ticker to PTPC. So former Paradigm shareholders would be here and making out rather well. After Paradigm did the reverse split the PPS went from .0001 to .0075 and since Zenergy acquired the shell on 06/23/2009 and received the new ticker on 07/31/2009 it is now in the .03's. A R/S that actually worked out well for the old shareholders. So Paradigm shareholders could still be here but they would not have the equivalent number of shares in ZENG unless they bought more. Just they way I see it.

PS: One of the first thing Zenergy did after the new ticker was issued on 07/31/2009 was to reduce the A/Shares in excees of 50% down to 700 million.
icon url

Mr Wizard a1a

08/23/09 4:51 PM

#42363 RE: DOLPHY #42359

Yes they did. There was a 75 share to 1 PTPC share exchange. PTPC shares then became ZENG shares.

An interesting thing: PDGT shares were at .0001. After the 75:1 exchange they were at .0075. (Don't get too excited as they would be worth the same $ as before.) These shares became worth .096 at the peak of Zenergy share value - a gain of 12 times. That today would be worth .031. An example:

1 M PDGT shares at .0001 = $100
13.3K PTPC shares at .0075 = $100 - 75:1 split
13.3K ZENG shares at .096 = $1280 - peak of ZENG
13.3K ZENG shares at .031 = $413 today

Now most PDGT shareholders were long and averaged in at between .0007 and .0004. Those shares would need $700 to $400 to break even.

Moral: it would have been better to sell on the rise of ZENG and reacquire after you see what the meaty PR says.