Agreed Roberto. After reading his posts to others on this thread and some on other threads, I have drawn the same conclusions as the rest of you.
I hope ppl didn't get too distracted with the TERP. It is simple statement on implied value after issuance of new shares and MC at a given point in time. It is not a technique to actually value a companies worth. If the price closed at 6c then the TERP is 6c adjusted for additional shares. Note he did not talk about what the company should be valued at and for TERP to hold true it is in practice dependent on accurate valuation. He did rightly point out it means you can't buy the shares at 1 cents.
Roberts points are all IMO what makes this worthwhile and this latest CR manoeuvre is IMO a stroke of genius.
Agreed Roberto. After reading his posts to others on this thread...
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0.3¢ |
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Mkt cap ! $25.76M | |||
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