TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.000200

0.0%

Nov 21 9:30 AM EST

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To: T A P who wrote (6905)	4/9/1999 12:30:00 PM
From: Wink	Read Replies (1) of 9824

TAP: Are you insinuating that TIPS already has a market cap of $277M when TNRG only has a market cap of around $33M? TNRG (parent company) 66,000,000 shares (est) @ $0.50 = $33M market cap TIPS (subsidiary whose assets are currently consolidated under the parent) 55,499,278 shares @ $5.00 = $277M market cap I'm sure that the 3,000 shares of TIPS that have traded so far today are probably a calculated plant to get the price of TNRG up (although it's currently not working) and that once things settle down, the true value of TIPS will be realized i.e. under the $0.50 that TNRG is currently selling at. JMO of course. Anyway free spin-off shares are good at any price above zero as long as it doesn't lower the value (share price) of the parent (TNRG). Wink ;>)

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