Granite Oil Corp GXOCF

Sorry to Dilute You - Merry Christmas

[Valueseeker18]

Signed,

Tom & Kevin (GMT), Gail, Mike, and Brendan

ps we will determine if any if you can also get some cheap shares

[mike49]

I don't know why folks think that the pp was an opportunity for mngt or gmp to get cheap shares. They aren't flow thru and no warrant and the opportunity is there for anyone else to call them up and buy too (exemptions for existing holders with hard dollar cap). complain about dilution if you want but plain and simple-there is either a serious cash flow problem that needed addressing or an

[Snowhouse]

I see GXO getting acquired or merged soon. Most probably GMT will crack the deal. 

[Valueseeker18]

the phone must be ringing off the hook at GXO for additional purchases ar .52 cents, given their non dilutive 35% discount received to today. Hopefully a transparent process is developed for that additional pp cause a quiet move on the Friday before Christmas sure was classy!

[Snowhouse]

If the board can get the Syndicate facility back then we see $1 sp on the same day. I am sure they are in touch with the banks. My hope is that with higher hedges in 2019 they make some positive CF and pay back some of the debt to win the trust back.

[mike49]

Guaranteed another 500 k $ went-depending on the exemption gxo used for the placement in the first place that maybe higher. As I said,one could phone them up to participate and if denied,make noise then. I simply bought back in for a small chunk on the market at the same time. (And yes,I sold for a loss after Oct divvy but can't get them all right) Anyway,I'm sure this was driven by gmt