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Bullboard - Stock Discussion Forum Petrotal Corp T.TAL

Alternate Symbol(s):  PTALF

Energy Oil & Gas E&P
PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing... see more

TSX:TAL - Post Discussion

Petrotal Corp > No material difference with share dilution today!
View:
Post by BryStockGuy on Oct 08, 2021 10:33am

No material difference with share dilution today!

Fair market value went from .44/share to .4395/share!

It's better to get the dilution out of the way sooner because the dilution effect increases when the market cap increases. If the market cap was fully diluted today, with all available warrants, it would only shave 2.5 cents of the fair market value per share, which isn't going to matter when the shares are at $0.80-.90 from todays value now at .445. The dilution effect is dampened by the funds received for the shares.

These shares plus more will be potentially bought back in Q1 2023 anyways. 2022 is very close now, been holding since Oct 2020 and plan to hold through Constitution and Osheki developments. 2023 is going to be a good year!

https://www.newsfilecorp.com/release/98985/
Comment by corfujack on Oct 08, 2021 10:43am
I don't disagree with you that the company is going to do well in 2022. My concern is that we're pushing 1 billion outstanding shares and that at some point if the Biggs are going to take it seriously, the buyback it's going to have to be significant - a reverse split to shrink the share pool. Just my thoughts.
Petrotal Corp
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