Bullboard - Stock Discussion Forum FORENT ENERGY LTD. V.FEN

Energy Oil & Gas E&P

"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm... see more

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FORENT ENERGY LTD. > Number of outstanding stocks

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Post by SamuelSamuelSam on Aug 28, 2014 11:38am

Number of outstanding stocks

Folks,

Can someone tell me how many stocks that Forent has outstanding? I cannot seem to find the answer on their web-site.

Thanks

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Comment by Yajne on Aug 28, 2014 1:48pm

I think its just under 189 million fully diluted.

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Comment by Yajne on Aug 28, 2014 1:54pm

PS...with a 16 mil market cap, these guys shouldn't be burning almost $100K/mo on overhead!

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Comment by Backwardblade on Sep 08, 2014 2:19am

True....it's not too too high though. I re-read the release and for the most part, all the options are out of the money, warrants have expired and such. 44% of the outstanding is owned by the company reps. These boys have to get paid. Granted, they are rich boys, but considering the level of insider ownership, I can't honestly say that they are taking us to ...more

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