JPR 11.5% 2.9¢ jupiter energy limited

biodeisel announcement out, page-25

  1. 20,451 Posts.
    lightbulb Created with Sketch. 269
    re: biodeisel ann up 18.5 percent MC Camma correct me if im wrong here:

    Say I buy 200,000 JPR at .17, say I get 1 free share for every 2 JPR shares I hold in the new float valued at .50, that would mean.

    I paid $34,000 to get $50,000! worth of free stock, even if JPR went to 1 cent after the rights is closed off my total valuein the news float & holding JPR would be $52,000 which = a $18,000 profit.

    Right?
 
watchlist Created with Sketch. Add JPR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.