Old tghread pulled up. DDzx, I note this postof yours:
"wow
the original EOC prospectus was certainly stacked with seed capitalists
this might explain to aweful share price performance after listing
90,293,998 shares issued prior to listing
28,333,333 shares issued to subscribers at 60 cents
the pre-listing balance sheet contributed $8,481,875 in equity in EOC. in other words, it seems the seed capitalists contributed 9.4 cents for each of their 90,293,998 shares
thus, if the 90,293,998 original seed shares remain, a 60 cent takeover is a $45,694,524 profit on the initial $8,481,875 investment ___________________________
9.4c for these initial investors! Would this be usual for most of our coal companies?
EOC Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
