Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Gen III Oil Corporation V.PGK

"GEN III Oil Corp operates as an oil processing company in Canada. The concern owns the ReGen re-refining technology. It provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products. The company's ReGen process utilizes common technologies in use throughout the world, but in a configura


TSXV:PGK - Post by User

Comment by jerrio78on Feb 18, 2014 11:17pm
86 Views
Post# 22223018

RE:Deliberate Bankruptcy?

RE:Deliberate Bankruptcy?
These types of things don't go undetected and are pursued by regulators. Anyone who tries to do as you have suggested opens the door to litigation on a business and personal front. Shareholders would aggessively go after assets that belong to the company. In my opinion the company is in slow burn mode to weigh out its options ebfore spending cash and having to go back to the market in a cash raise. Go through the list of assets, I don't see a realistic value that would link the current market cap. If you have been in the TSX-V long enough then you have seen many sub penny asset rich companies rebound. And you always wonder who bought at those bottom basement prices. A lot of people are out there like me holding large positions and I won't let any assets go or any shares go while the company is in hibernation mode.

* Always conduct your own due diligence when investing and protect your money. I only offer my opinion on valuations and possible outcome.

Don't forget to follow me on Twitter. The markets move fast and my money never sleeps.

https://twitter.com/jerrio78
<< Previous
Bullboard Posts
Next >>