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Most recents (2)
1/ Once in awhile one runs across a penny stock with 86,584,989 shares issued, management that doesn't rape it with exorbitant salaries, management fees, conslutting fees & share-based compensation & works within its revenue stream incurring minimal losses before write off's..
2/ Unfortunately it's not a #PotStock.
It's a 'PRODUCING' #NatGas play with:
$50,957,000 cash +
$13,912,000 Acc. Rec. +
$31,729,000 Property, plant & equipment =
$96,598,000 in total assets which converts into an asset value of $1.11 per share..
But wait.. That doesn't ...
It's a 'PRODUCING' #NatGas play with:
$50,957,000 cash +
$13,912,000 Acc. Rec. +
$31,729,000 Property, plant & equipment =
$96,598,000 in total assets which converts into an asset value of $1.11 per share..
But wait.. That doesn't ...
3/ incl 7.4 million boe of externally audited reserves valued at $88,000,000 as of Sept 30.19 bringing the total to: (96,598,000 + 88,000,000) = $184,598,000 which brings the total asset value to: $2.13 per share.
So what about the liabilities you ask.
Guess what??...
So what about the liabilities you ask.
Guess what??...
#PotStock Thread: Had a chat with a fund guy & was enlightened to something That I never considered when looking at bought deals for LP’s in Canada & was staring us all in the face, yet I was distracted by variables associated with The Who what, when, why’s of the deal...
Suppose I was a fund “Wolf Capital” & I was working on a bought deal for #PotStock company X. Now X is trading at its 52 week high as are many other in the sector, but I want to do a deal as do they. I know as a fund ready to fire $10m at stock in a bought deal 15% below market..
As any fund, there are managers that are familiar with the company, research on sector, & the future valuations. More importantly they have seen what happens when Wolf Capital has done previous deal below market & market reactions. As we near the deal being closed & ink drying...
