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Timeless Capital Corp V.TLC


Primary Symbol: V.TLC.P

Timeless Capital Corp. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and once identified and evaluated, to negotiate an acquisition or participation subject to acceptance by the exchange to complete a qualifying transaction. The Company does not own any assets, other than cash or cash equivalents.


TSXV:TLC.P - Post by User

Comment by nedbradonon Jul 21, 2010 10:23am
464 Views
Post# 17284517

RE: No big houses buying in yet! Watch out for tha

RE: No big houses buying in yet! Watch out for thaThe reason for the cap is 43 million shares came free trading a month ago that people paid .075 cents for.  That's a huge win and a lot of paper to chew thru.  They will have to finance again, and getting at the oil out of this rock ain"t easy.
As per the news release:
Readers are cautioned that there can be no assurances that oil can be recovered from the Nordegg Member, either economically or at all. AJM did not assign any recovery factors to this area, and is of the opinion that such recovery factors will ultimately be dependent on proving the presence of economically producible oil, as well as the number of wells drilled per section, and the technology used to complete these wells.
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