Foxdog, I haven't a clue what Bear Head is worth, but, by their own words, Magnolia was the flagship asset. As I see it, for JW or any of us for that matter to get 4c/sh, the market would have to value what was bought for $2.89m at $26.44m.
660,955,120sh * $0.04 = $26,438,304.00
Best of luck. J L.
Ann: Four Initial Director's Interest Notices, page-29
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