TSXV:VER.H - Post by User
Comment by
FATBIDSon Nov 14, 2010 9:34am
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Post# 17703779
RE: I Have a Couple of Questions...
RE: I Have a Couple of Questions...I would think that when all is said and done there might be double the amount of shares. Maybe 150,000,000.
But the share prices will be between $.10 and $.20 (close to where we are now) fully diluted since financing would be done at the range we are in now or maybe even higher.
Now where the real big gains will be is when they get to drilling. I would think that if the JV partner is Vecta Oil & Gas as is seems they are just starting the seismic process now. If it is not Vecta O & G that is the JV partner then I would guess that Vecta O&G are doing the seismic on behalf of VER or VEF & whom ever the JC candidate is.
I really dont know for sure as at this point it is any body's guess. We just have to wait and see how it unfolds. I doubt that you will be able to buy shares below the .$10 mark no matter what happens and i suspect that after the next NR that shoudl be out between now and the end of the month, you might not be able to get them under $.30. Once drilling starts pricing will be around $.75 and then we blow the $1.00 mark if results are favourable.
All I know is that it is going to be a lot more fun now that something is finally happening. It has been a long time waiting.