Well, if C$1.8mil is not a full month's payment, and litigation expenses do not increase, with only 14 million shares outstanding, the P/E is still rather low. With insiders only 3% ownership, CSW could go "in play".
20% in 1 day is already a big move. But a higher price is not out of the question.
Canada Southern Petroleum
Limited Voting Shares, C$1 Par, 3/01, 100M auth.,
14,316,970 issd. Insiders control approx. 3%. IPO 6/58,
400K shares @ C$3.75 by PaineWebber.
OFFICERS: B.A. Anderson, Pres., David Blain,
CFO/CAO/Secy./Treas., Timothy L. Largay, Asst. Secy.
TRANSFER AGENT: American Stock Transfer & Trust Co.
Company incorporated 1954 in Nova Scotia.
PHIL |
