Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: franco who wrote (287)	11/12/1997 5:18:00 AM
From: Steven Durrington	Read Replies (1) \| Respond to of 11708

Warning :- The following statements may contain some rampant speculation and be based solely on the fevered imaginations from the brain of a desert dwelling recluse. Soooooooo, anyone care to take a guess at how much a property with 52 millions barrels of oil underneath would sell for ? From the Yahoo Finance post at biz.yahoo.com the phrasing said that at $2 guaranteed minimum in ERHC shares, $670,000 approx of debt was retired after the sale. Of course, if you had a dollar, you too could pay off your 5 cent loan. Coconimo bought the property for 185,000 shares which a year ago were worth more than $0.73. More towards several dollars ? The Yahoo chart I saw doesn't go back past May this year ($4 in May ?), but says that the 12 month high was over $8. Just to break even CSMA would have to sell the property for around 1,000,000 ERHC shares. The $8 approx projected income per EHRC share adds nicely to CSMA's earnings, even at these small levels. Would it be reasonable to assume that a $250,000,000 property would sell for more than a couple of mill ? What does seem strange is the statement from the company that they will still incur a loss for the fiscal year, but with a strong last quarter. If the property to EHRC sold for an outrageous amount, surely it would tip the balance of CSMA's earnings into the black for the entire year ? I'm just exploring the possibilities here. I know that Franco is more excited than a horny Pekingese in a mop factory, but the more I look into this one, the more I like what I'm finding too. Just can't wait for the next couple of weeks to pass. This should get very interesting indeed. Regards, Durro