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Micro Penny Stocks, Penny Stocks $0.10 & Under
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BTSI - Oil Reserves Valued at Over $2.5 Billion USD
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[QUOTE]Originally posted by rickpic: [QB] after the split there will only be 36m shares held in public hands the other 180m will be held by Nord according to the pr. The O/S at this time must be aprox. 432m shares which will become 36m post split. Then they add the 180 to cover the deal post split. I believe that Nord Oil is a privately held company and this would mean a 144 restriction on the 180m insider held shares! They could issue 504 warrants or do a private placement of 79m shares and still have a 51% control, but that would still leave the public float at 107m! Bottom line looks good to me given the $2.5b on the table! Good Luck Rick [/QB][/QUOTE]
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