Hi guys
> > I don't know the regulations of the Security Exchange commisions in
> > New Zealand, but here in Canada and to a lesser degree in the USA as
> > well, a public junior company listed on our exchanges would be asked
> > to remove this publicity immediately.
>
> What have the SEC in NZ, Canada or USA to do with this share offer?
> This appears to be a PPO out of Panama.
Which is great. As my name suggests, I'm a big offshore fan. But I also
think it is absolutely fair to use SEC rules from other countries for
*comparitive* purposes - ie, helping people understand the investment you
are making. I only have a problem if the SEC themselves start sticking their
noses in.
> Here you show your glaring lack of knowledge. When has stock value ever
> represented the enterprise value? Ever heard of the PE ratio?
Huh??? The total stock value is the total enterprise value. You can't really
argue with that one. If I want to buy the enterprise, I have to buy the
stock, therefore the stock price is the value. People who believe otherwise
are numerous, but they are just the same kind of idiots who invested money
in dot com businesses last year.
> In their consolidated income statement, Pecunix shows 10 million in
> earnings for year 2. This would give a PE ratio of about 40 - 50 at the
> figures you quote above. That is a VERY reasonable PE ratio for a high
> growth industry company.
AFAIK Pecunix have not even started business yet so they cannot issue
consolidated income statements for year 2. They can only issue a cash flow
forecast. As for the PE ratio it sounds outrageous to me, but I was never a
fan of this kind of investment.
> unreasonable figure. Remember, the share price IN NO WAY reflects the
> value of the company once the shares trade freely on a public exchange.
What a load of BS.
offshoresurfer
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