GREY:BNKPF - Post by User
Comment by
BrokerGon Oct 17, 2016 10:31am
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Post# 25350869
RE:RE:RE:RE:RE:RE:BNK to add up to 55 million new shares
RE:RE:RE:RE:RE:RE:BNK to add up to 55 million new sharesStock should be in trading range between .19 and .22 until the closing of IPO.
Dilution is always negative in my view unless an extensive drilling program is announced. With Oil likely to stabilize between $45-55 over the next year, the question that must be asked is:
Can BNK be profitable at those prices?