How much can 10 Lots be worth?
I am wondering, if one is able to be alloted 10 lots of RH Energy after balloting for 70 lots, how much would it be worth just 1 day after its listing? Here's the breakdown:
On the day of its listing (11/7/07), without the benefit of hindsight, if one has sold 5 lots at $0.75, it translates easily to a gross profit of $2,150 or a net profit of ~$2,105.
On the 2nd day of trading (12/7/07), again w/o the benefit of hindsight, if one would sell the remaining 5 lots at $0.905, it translates to another cool gross profit of 2,925 or a net profit of ~$2,880.
Thus, total net profit that one could have made from just 2 days of trading is: ~$4,985!!! Or a Net Profit Return of 156% from an initial invest of just $3,201. The conservative stock price surge to $0.905 was 283% over its issue price of $0.32.
For those who think there's nothing, I'm just talking about 10 lots here, mind you...
I had no idea whether speculators would further drive the stock up...
It turns out Rationalism was thrown out of the window that day and they did.
That's what 10 lots would be worth with a HPR of 2 days...
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