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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > 7 trading days / over $3 / Warrants call: Feb 9, 2021
View:
Post by Hiddensecrets on Jan 29, 2021 2:32pm

7 trading days / over $3 / Warrants call: Feb 9, 2021

We have 7 tradings day left, for the 20 consecutive days to be over $ 3 per share, that means to Feb 9, 2021.

Once that day hits, 33 million warrants get called in at $ 1 per share. 

Longs, who hold warrants, and are now shorters at the same time, will subside on Feb 9, 2021.

Use this opportunity to be SMART and LOAD UP.

What matters to this stock is not the current up and downs, it is CONFIRMATION OF A PETROLEUM SYSTEM. 

MPO
Comment by teheran10 on Jan 29, 2021 2:54pm
There is absolutely no way we are going to hold the SP above $3. In the last 7 trading days we lost a $1.  the only way to keep it floating above $3 is if massive buying comes in or some sort of news on Monday morning. 
Comment by yrmac on Jan 29, 2021 2:58pm
What happened if sp goes under $3.00 in the next 9 days thanks for the answer
Comment by Strod on Jan 29, 2021 3:09pm
Seeing as you always call it right King of Clowns, I guess we all now KNOW what WILL happen!! Thanks
Comment by wmstock on Jan 29, 2021 4:06pm
This is what everyone should do.  Do not sell your shares and put all your shares to sell at a very high price with a gtc and leave it, set at $100.  There are day traders, momentum traders, shorts and long investors here, I am long on this and buy the dip.  Spreading the word to other stockboard and social media would also be benificial.  The market manipulation gets annoying. ...more  
Comment by investor55x on Jan 29, 2021 8:11pm
I entirely agree - and did so immediately: Placed a sell order for all my RECO shares at 100 US-$, order remains valid until may 2021. Let's fight the RECO-shorters together.
Comment by GeneralBD on Jan 29, 2021 10:59pm
Yes I'm in. I have 80800 shares and gonna put a sell order at $200 CAD for a later date
Comment by uptherecazaly on Jan 30, 2021 3:58am
Yes I am in to, I put my 330000 at 200 sell price
Comment by Elephants on Jan 29, 2021 5:19pm
teheran10 you asked, heres the link. Look at largest shorted on tsxv. Sad recon is there. https://shortdata.ca/largest-short-positions/
Comment by doggiestyle on Jan 29, 2021 7:06pm
Someone should get this stock over to wallstreetbets!  Imagine what they would do to a stock with actual underlying potential to skyrocket that has such heavy short interest. Kaboom!!!
Comment by henrisalo on Jan 30, 2021 5:27am
I have done my part about this. Everyone else can do and should do it also.
Comment by henrisalo on Jan 30, 2021 5:28am
I have done my part about this. Everyone else can do and should do it also
Comment by teheran10 on Jan 29, 2021 7:16pm
I have sent an email to RECO asking if they are doing anything about the trading.  Halt it for next few days.   
Comment by Chas15 on Jan 29, 2021 7:39pm
What the hell are you talking about Tehran? It goes up for two weeks straight and you say nothing, it drops for a week or two and now you are screaming halt? Man people, get it together. This is natural. 
Comment by Strod on Jan 30, 2021 5:47pm
Teheran you are suck a first class c**t in it hard to believe,
Comment by Buyhigheatchips on Jan 29, 2021 3:00pm
Weighted by daily volume so may already be triggered barring a catastrophic collapse in the sp?
Comment by Ca01an on Jan 29, 2021 7:35pm
What does weighted by daily volume mean exactly? Why would it mean that it might be triggered even if the sp dips below $3?
Comment by Buyhigheatchips on Jan 29, 2021 9:12pm
Here is the exact languge: The Warrants will be subject to acceleration of the expiry date to a date 30 calendar days following notice to be provided to the holders of the Warrants by the Company in the event that the daily volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the "Exchange") for any period of 20 consecutive trading days equals or ...more  
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