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PMI RESOURCES LTD V.PMI

"Petromanas Energy Inc is an international oil and gas company. The Company is engaged in the acquisition, exploration and evaluation of oil and gas properties in Albania, France and Australia."


TSXV:PMI - Post by User

Comment by Cologuyon May 08, 2018 11:05am
193 Views
Post# 27997425

RE:RE:KEEP GORDON DUMPS ALL AT 6 CENTS

RE:RE:KEEP GORDON DUMPS ALL AT 6 CENTSWhat I do find interesting is that there is no AIF filed on SEDAR.  That will be needed to do any sort of public raise, but it would also show exactly what was paid to the Board and Executives - including the Executive Chairman, who does have a history of pulling down some pretty outrageous salaries for the companies he 'manages'. However, it could be that they have no more money and can't afford to put one together. They can't buy new assets as they have no money and no real cash flow to speak of and they can't bring anymore pasture land held by insiders like they did at the inception. Their only real hope is some sort of private placement, but these guys never really put their own money on the line so I think that is really unlikely.  Debt? Nah, nothing to secure it. So, I guess we are looking at fire sale time, with no offer (forget reasonable - they need money) refused.  

They have to file the Q1 report in 3 or so weeks. It certainly will be interesting to see when that comes out, as the annual filing didn't hit SEDAR until 3 hours before the deadline in April. 
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