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Southern Pacific Resource Corp STPJF

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.


GREY:STPJF - Post by User

Post by stphouseon Dec 18, 2014 10:35am
317 Views
Post# 23244118

Why can't you buy the debentures?

Why can't you buy the debentures?Usually brokers don't allow RRSP accounts to buy penny stock in the pinksheeets or OTCBB. why did the brokers not allow retail to buy the debentures? The debentures are unsecured bonds of 175 million and based on the market will be issued shares As for the current STP shares is just market makers throwing a bone to close the book on this stock there is 5 million shares or $75,000 cash for sale. it's like any stock on the pinksheets or OTCBB with no assets no revenues. STP has 1 billion in ASSETS in the book This company can sit on assets close operations fire all the staff and not lose money. it loses money staying in business.
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