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BCND .0003 x .0004
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[QUOTE]Originally posted by eddy: [QB] Post # of 30861 dd for new people-Posted by: lifegear Date: Wednesday, June 17, 2009 12:33:51 AM In reply to: Walker who wrote msg# 66603 Post # of 66634 Summary DD: -- BCND has a majority buyer per news last month and the completion news is still pending (per PR upon completion of transaction, new management will step in -- note: 6/15/09 new President came on board) -- estimated 2.5M tons of coal reserves which are worth $120M (currently $48 per ton) -- natural gas in Westmoreland alone is potentially worth $5.6m per year (4 mmcf per day per PR); natural gas also exists in West Virginia property -- salvage value of their glass factory in Westmoreland is $6.3m and so far they've received $1M deposit -- they're marketing logging rights for their landholdings in West Virginia -- they own around 260(?) acres of land with future development once they get rid of that glass factory and timber -- has 3 subsidiaries including Beacon Energy Corporation which owns the natural gas rights -- if you look at just the natural gas from 1 of 2 sites alone, coal reserves and salvage value of glass factory, that's already .044 in asset value excluding the land, future development, logging rights etc -- plus pending settlement from NYSE:D Dominion Resources for 22 years of use of BCND Westmoreland property for gas storage and gas well that could bring a LARGE capital infusion to the company -- The total shares outstanding for this company as of 6-12-2009 were 2,978,734,000 shares outstanding with 2,638,712,884 shares free trading and 340,021,116 shares restricted with 3,000,000,000 shares authorized. [/QB][/QUOTE]
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