> Danny, > > how did 7.2% of 40kg get to be 28.8kg? > > or are you saying the other 90% of the company gets 7.2% dividend? why? >
7.2 grams annualy multiplied by 4000 shares , makes 28.8 kg. Or do you think the private shareholders are going to be happy not to receive the same dividends as the public shareholders? That would be yet another primeur and TGC would have every reason to mention it if that is the case, because it would make the public shares more valuable in the eyes of the investors. Ah, how nice it would be to own only 10% of a company and receive all the dividends... dream dream.. Again, I have no objection that TGC does some things differently than they are done in the normal world of stocks and shares. But why would they keep it a secret if they really plan to pay dividends to the public shareholders only? I mean, if on some points they deviate from the normal way things have been done for the last few hundred years (which is fine to me), and their new way of doing things is extra beneficial for the public shareholders, they would have good reason to mention it, right? > > It's easier to calculate it in gold grams. > > They are raising 40 kg of gold in selling 10% of their company to the > > public, and at the same time they declare a dividend of 7.2% anually, which > > means they will be paying out 28.8 kg of gold in dividends every year. > > > That's why from an economic point of view this ipo doesn't make any sense. > > The money they are raising will be gone into dividend payments after only 17 > > months, it's hardly possible the 40 kg gold they get now will have produced > > much of a positive return within only 17 months. Danny --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
