posted
well the symble change is done!. new symbol is NDOL, opened at 08 x 75, now at .16 x .75 no volume. split adjusted close of .24. all indicators are up! lets see what happens!. good luck all longs!. on the bid side, one each at 165,15,10,8,7,5. on the ask side, three at .75 one at 1.01 one at 10.00!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Member Rated: posted August 20, 2005 16:29 -------------------------------------------------------------------------------- Pre-Split -vs- Post Split PPS valuation...
I had posted this on RB about a month ago. It seems a few of your here are asking the same questions as we did. Also keep in mind I have been through this before with SPRL...And it was MUCH BETTER to have bought in Pre R/S-Split -vs- Post R/S Split...In that case too, the MM's tried to bring the PPS down during the weeks/days prior to effecting the split. So I am ready!...Bring it down!...I will be adding until September 19th! (The approx. post-split day of our new Symbol and name change as per the as per the 14c Filing) Now here is the copy of valuation below:
In terms of an accumulation point pre-split, the most 'modest' or conservative method would be to use the (when-issued O/S share count) of 216 million (times 12) to get a representation of share structure pre-split (thus would equal for math purposes) 2.592 billion. That said the proven and probable reserves of 48 Mbls of Oil * $30/Bl = $ 1,444,000,000. (Lets Minus 80% discount to PPS for time of extraction and other factors) Then = * 288,000,000. (Divided by the 2.592 billion 'as If-Issued" pre-split shares) Then we would value basic accumulation/value at $.12/share pre-split. HOWEVER, that said, every 1 million shares now will be 83,333, post-split. That given and the fact that there is ONLY 340,000,000. O/S right now gives us EXTRA leverage because there are NOT 2.592 billion O/S! In fact there is About 7 Times LESS then that right now O/S. So IF lets just say you purchased ALL 340,000,000. O/S pre-split...Then you would own 28,333,333. of the post-split 36 million public float (of 216 million total) O/S after split. This would cost you $ 6,800,000. * .02 right now. Follow me here...THIS is why the shares are SO CHEAP Right Now: Conversely, using the same values as above, now take your same (Mrkt. cap) value as above of $ 288,000,000. Now (divide that by the post-split O/S shares of 216 million) It = $ 1.34/share.....Now HOW Many do you have? 28,333,333. Right!?... (Times the equivalent post-split valuation) of $1.34/share...How much is it Worth? $ 37,966,666.! Remember it ONLY Cost you $ 6,800,000.! The above example CLEARLY demonstrates that we have Significant Leverage pre-split as compared to buying post-split shares! NOT to mention that once we are post-split, shares will be harder/less available then now because of the fact that 180 mil. of the 216 Mil. O/S will be RESTRICTED! Gota like that! ;] by 2create
Posts: 2503 | From: connecticut | Registered: Mar 2005
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