VIRGINIA HILLS OIL CORP VFGGF

The Next Step.....................................

[bankerboy28]

the Spartan deal fell through about 6 months ago and we got 12 million...so thats alright...but clearly PRY was interested in merger and being a dividend paying company around 8% or so....makes me  wonder about whats next..merger/ takeover/ or be takenover...alot of speculation on Renegade and Pinecrest merger with same goal as the Spartan attempt...we have very similar market cap  and shares outstanding...combined company would have assets of 1,359,720 with liabilities of 539,721...both have good netbacks and cashflow...bank debt would be better at 327,519 on line of 480,000 combined...current dividend of 19% with RPL would be cut in half to around 8%...paydown debt so its around 240,000 or less and have Wade be the CEO of the new company...noticed that as the prices have fallen with RPL...no insider buying and their presentation is off their website and also with PRY prices nice and cheap..no insider buying for last month...the last buys were in March 23 at $1.21...no buying in April...I have a feeling that something is in the works...both stock prices have been manjpulated and held down...PRY under $1.00 and RPL under $1.20....this is just my opinion...time will tell...BB28