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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."


GREY:VFGGF - Post by User

VIRGINIA HILLS OIL CORP > Cash Flow dropping like a rock
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Comment by ofirmeon Jan 18, 2014 8:12pm
258 Views
Post# 22108166

RE:RE:RE:RE:Cash Flow dropping like a rock

RE:RE:RE:RE:Cash Flow dropping like a rockYou forget that the original investors (management included) has 33M warrants at $0.5 per share.
I think those are expiring on may 2015. those guys also had a ton of stocks at cost basis of $0.4,
 some of which probably was sold. 
I am guessing the selling price will have to be above $0.5 per share.
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