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ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."


TSXV:RPT - Post by User

Comment by RTWODTWOon May 27, 2014 2:56pm
180 Views
Post# 22602539

RE:RE:RE:1:25 share consolidation

RE:RE:RE:1:25 share consolidationA 25:1 roll back will be about 25M shares outstanding. That is a better solution if you want to raise cash in a PP or so. If a sp is $0.02 it smell like something is not right. Everything gets better actually when I think a bit further. Easier for investors to have a quick lock at eps and so on, $0.XX instead of $0.00XXX.

Mining stocks get rolled back due to failure. This one got assets above ground that actually generates cashflow.
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