unsolicited approach, page-77

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
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9.4c for these initial investors! Would this be usual for most of our coal companies?