Your 50-60M is a ridiculous number.
Oh really? The January 13 press release states:
In order to provide the Company with working capital the Company has issued 7,500,000 common shares
newsalert.com
Let's do the numbers-
Current Market Value: 7,500,000*$6.00 = $45,000,000
Now remember, this does not count the 500,000 shares used to pay for the Bingo.Com name. Looks pretty close to me...
As far as the 7,500,000 shares for $75,000 - who are we kidding.
Again, I would point you to the January 13th press release...
In order to provide the Company with working capital the Company has issued 7,500,000 common shares of the Company to certain individuals for proceeds of $75,000.
newsalert.com
Notice that it doesn't say 7,500,000 of restricted or preferred shares - 7,500,000 common. Your 1,000,000 number seems a bit off the mark.
If the shares were dumped on the market we would likely be a penny stock.
Ironic that you would phrase it like that, because if you look at what Darren Little paid for the 7,500,000 of common, we are talking pennies(pennies from heaven that is...)
Darren and Company paid: $75,000/7,500,000= $.01 per share
Do you also fault Bill Gates for starting out as the owner of his company to.
You are kidding, right?
Let's let Darren screw up before we burn him at the stake.
Darren has screwed up nothing. In fact, I would say he has made a tidy sum from a small $75,000 investment. |
