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Bullboard - Stock Discussion Forum VIRGINIA HILLS OIL CORP VFGGF

Energy Oil & Gas E&P
"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."

Bullboard (GREY:VFGGF)

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Post by babu666on Feb 18, 2015 9:20am

need suggestions

i have 100000 share at average price $.43.-total investment-$43000. today market price total- $1000. After way plan arrangement total price will be $250(1000x.25). what is the best option -sale today ...more  
200
Discussion
Comment by ofirmeon Feb 18, 2015 9:02am

RE:RE:Hmmm

Here is the problem with what you said: lets assume you want to exercise the rights:  you pay $0.25/share and invest $2 and have 9 shares.  The others (aka former management and friends ...more  
162
Discussion
Comment by righand2on Feb 18, 2015 8:41am

RE:Exit strategy

With very large orders on the buy/ask, you won't be able to "daytrade".
161
Discussion
Post by Fullblaston Feb 18, 2015 8:29am

Exit strategy

Between now and March 20th, I'll be daytrading PRY until I've recovered most or all of my capital. I don't care if I don't make any returns. Then I'm out of here and good luck to ...more  
120
Discussion
Comment by jcw604on Feb 18, 2015 2:09am

RE:Calculation

If the 2M finance were 0.25/unit, Virginia will probably initially be trading at the same price range. i.e. the current Pinecrest share will only worth for 0.25 cents. If you can short pinecrest at 1 ...more  
171
Discussion
Post by Shlinker_on Feb 17, 2015 11:43pm

Calculation

This is the way i see it. If you own 100,000 shares currently in PRY, they convert into 1000 shares of Virginia Hills. You then get to purchase (if you chose too) 8 Arrangement rights for every ...more  
273
Discussion
Post by Oilpatch1007on Feb 17, 2015 9:43pm

Who is buying

Why are people buying  this ???
105
Post by Oilpatch1007on Feb 17, 2015 9:30pm

How bad

Could someone please tell me how bad this deal is and what it all means for the dumb ####  like me that has 165000 shares in this. What is the conversion on shares and what is the new company ...more  
188
Post by trader129on Feb 17, 2015 7:19pm

2 million financing

what a low hurdle.. they should inject 10-20 million in on the equity side..  The new company is going to have 90 million in debt.. and producing 1500 barrels..
154
Post by kingfisher7on Feb 17, 2015 7:06pm

Just for you IAMWCW

Been watching you post your dribble for way to long my bet is you covered your shorts today and were on the buy you should be put down like a rabid dog Your nothing but a cheat and a liar but karma ...more  
178
Comment by kingfisher7on Feb 17, 2015 6:58pm

RE:Hmmm

The .25 is a PP before trading resumes in Virginia Hills and also an arrangement for SH on a 8 to 1 basis after consolidation this will begin trading between 1.00- 2.00 so in my opinion your 1000 new ...more  
241
Discussion
Comment by bargnhillbillyon Feb 17, 2015 4:14pm

RE:RE:RE:RE:Cardinal Energy acquires PRY

Yes, The deal got rid of the Pinecrest execs but we still have the same Pinecrest board members. Can they lead us out of debt? and Or is the price of oil going to doom all stocks like this? This may ...more  
175
Discussion
Comment by ofirmeon Feb 17, 2015 4:02pm

RE:RE:RE:Cardinal Energy acquires PRY

There are a number of versions of the final number of outstanding shares: 217M shares will be exchanged at 1:100 = 2.17M new shares. 217M shares will be issued warrants at 8:100 @ $0.25 (good for 30 ...more  
207
Discussion
Comment by bargnhillbillyon Feb 17, 2015 3:57pm

RE:READ THE NEWS BEFORE TALKING

Well, I like to talk while I read but I'm glad you mentioned The Arrangement Rights to buy shares @.25 That's what I'm studying now. What happens today or next week doesn't concern me ...more  
172
Discussion
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