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Petroglobe Inc. PTGBF

Energy Oil & Gas E&P
"PetroGlobe Inc is engaged in the exploration, development, and production of oil and natural gas in Canada. The Company holds interests in Pembina Cardium light oil, Pembina Edmonton Sands natural gas, and Red Earth Slave Point light oil properties located in Alberta, as well as Sawtooth oil property situated in the Grand Forks/Taber area in southern Alberta."


GREY:PTGBF - Post by User

Petroglobe Inc. > Value VS Price
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Comment by NewClassAon Sep 30, 2013 12:37pm
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Post# 21778423

RE:Value VS Price

RE:Value VS PriceHey Dude.  I'm happy you are proud of your big amount of shares.  In your analysis,  you forgot to calculate the debt into the equation.

All the analysis in the world is useless if the company doesn't deal with the exchange requirements and get the halt taken off.  

 But that isn't going to be a priority when they have a 1.8 million dollar judgement against them.  A $525,000 assett sale isn't going to cut it.  I hope they have a solid plan of action.  Hopefully they can arrange alternative financing and move ahead.

 


 

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