Reconnaissance Energy (Africa) Ltd V.RECO

Warrant countdown RESTARTS if price closes less than $ 3.00

[Hiddensecrets]

There are 9 days left for the warrant countdown, to hold above $ 3 per share.    If the weighted average for any one of these days falls below $ 3 per share, the warrant countdown starts over. 

So that means 33 million warrants cannot be called in. 

The large numbe of shorts, are not real shorts, it is the LONGS who are shorting the stock and covering with their warrant at $1 per share.   They are $ 2 in the money and, they have hedged their long bets in case RECO reports bad news.   They will not lose on their original long position because of the short, but will lose the warrant. 

This is high stakes GAMBLING.

Now I presume that RECO has forseen this and does want the $ 33 million in their coffers. 

Perhaps they are holding a wild card in their hands, waiting for right timing, to issue press release, saying that visually they have been able to confirm that there are dark, rich organic shale rocks as they have expected. 

That would send the price soaring. 

Next week should be interesting....

Or, the company could choose to remain silent, allow price to go where it wants, and only get warrant conversion once they announce results from all 3 drill holes, that is, if they are successful.

PS:   For myself, I believe that they already know that they have a petroleum system, from visual because they ordered the very costly 450 km 2D Seismic to be done.   They would have waited if the drill hole 1 was filled with sand. 

mpo

[werROBINHOOD]

"This is high stakes GAMBLING.”   hiddensecrets putting money into this stock is high stakes gambling. Staying long and not taking advantage of the violent price swings just shows the lack of experience. After Friday's trading I now own well over 50,000 shares bought with house money and thats with my first buy in at 2.87 Jan 12th. Is that gambling? FOMO is a strong motivator as

[Hiddensecrets]

The current selloff was due to 2 types of investors: (a) Those whom are LONGS and hold warrants.  Per short data, 15 million out of 33 million possible shares were shorted by these longs.   They wanted to lock in some profits and cover with their warrant.  They see the warrant as being converted and, they judged that price will not go over $ 5 per share before this coversion.&

[werROBINHOOD]

Hidden secrets house money or my money is irrelevant. What is relevant is how "I" view the money. I never view untaxed dollars as my money as clearly it's not all mine. Lol.  But for me money still in play is considered "house" money and again that's how "I" view it. It goes without saying everyone on this board is intelligent enough to understand I am

[Hiddensecrets]

With all due respect, no personal attack meant by my post, BUT YOU ARE AN IDIOT if you view that the profit money is not yours.  If that is how you feel that untaxed dollars does not belong to you, then please give it away to charity whom could make good use of what you see as dirty undeserved dollars.  Do you not understand that by buying into the ILLUSION that you are playing with

[werROBINHOOD]

Yikes man take it easy the elephants in Africa can sense the vibrations from the pounding of your fingers on your device. A few points; Never did I say it was dirty or undeserved money. Secondly I consider any money in play as money up for grabs. It's not mine until I sell and book my gains. The only thing I have received back was a portion of my original investment. So as long as money is

[Hiddensecrets]

I fail to understand how you are hedged.  You took out some profits, to recoup some of your original cost. You still hold a position of 50,000 shares at $ 3.31 which represents $ 165,500.    This is YOUR money, be it original capital, profit, loan, inheritance, gift, etc.... So how is this $ 165,500 amount hedged? Do you not see that you are blinded to the fact that it is YOUR

[werROBINHOOD]

Hidden have a wonderful weekend. Wish you well. 

[Strod]

Brilliant another tw@t like T10 who thinks we should be at $15 if not for clever people who know how to play the game!! Soooo dull.

[Strod]

Coco you think writing alot is clever, but you are bragging pure and simple whther you claim you are not is irrelevant.

[werROBINHOOD]

@strod hey buddy must be a hell of a hangover this morning eh?  Circus nope a up in 24 hours and we need our ring master for all us clowns. 

[Strod]

Coco, is that all? I thought you were better than that!!