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JohnJohnson
29.11.2009, 19:31
If the reverse merger company Proremote is really going to expand and seek working capital from the equity markets, they will probably have to have a secondary offering of their stock. I would have to believe that this will cause the price of the current shares after the merger to be price at a premium of their current value. If the stock is say trading at the nickel price which is based on my analysis of their current and project growth and earnings, that generally translates into about a 12% to 32% premium for the secondary shares. So, my estimate is anywhere from $.056 to $.066 a share. Hope this helps?

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