Reconnaissance Energy (Africa) Ltd V.RECO

big oil missed this ...

[Frank007]

what a crock.... still short ....lol

[AUborealis]

Don't take this pullback in price as fundamental weakness. The recent financing included the proposed listing of the Warrants, with a 3 year term and an exercise price of $14.00 (with a forced exercise if the market stays above $20 for 20 consecutive days. If the stock hits $50 then the value of one Full Warrant would be $36.00 (or each 1/2 warrant = $18). In fact you can calculate what

[GoldenEra]

This post has been removed in accordance with Community Policy

[InvrsContrarian]

2 warrants for one share. Quick calculation out of the money would be $0.33-$0.38 per warrant @9.50 share price. And goes up as stock price moves. Kinda in line with the price of roe shares. How convienent I'd say. But my math might be wrong and market sentient will rue the day. I mean rule the day. A pun on roe.

[InvrsContrarian]

Corrected math $1.33-$1.52 per warrant. But who knows might be higher the float for warrants is extremely low. What around 3 million?

[hipfner]

The warrants in this recent Haywood bought deal are not going to be listed for trading. They are privately held by Haywood clients and Haywood itself

[CoreyB]

Don't bother even entertaining this scuzz bucket, he is a troll looking for clicks who, if he is actually short this, will be in the poor house faster than he can spam his next message on these boards.

[InvrsContrarian]

Right on the money. Dude knows his stocks