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Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Post by Rzbernon May 28, 2014 7:41am
162 Views
Post# 22604196

We need vote No to All and want by back 1/3 total shares

We need vote No to All and want by back 1/3 total sharesDear Shareholders 
Things are curious . Criticize the management and point out the absurdities and abuses occurring is wrong? We must speak well for pyramid shaped call other unwary to buy and give us a way out? NOT . HRT need to do your homework first. The suggestion " banana split " or reverse split not solve . The odds of HRT only rise the day she provide consistent results and not with gimmicks to influence the book , we all know it will be momentary and punctual with a big loss will represent later. Nor with a full financial report of non-recurring items from all sides . If they want to raise the value of the odds and now say they have 308 million brazilian real in free cash , then I have a good strategy . They argued in the past that was not interesting because the company was burning cash and justification was that it was no use to repurchase shares , because what it would raise the prices would be the results . I Agree, but now , as they said they are not burning cash and spare cash, why not invest in the company ? Want to seek to increase participation in productive assets ? Purchase ( buy back ) the HRT itself. If shares are so undervalued less than 20 % of Present value and they believe in the company , then it they would be pass the image that there is no chance of another asset with upside as HRT . The money stand in the box is money without being properly applied producing new money . I suggest they do buy back 100 million shares of the company itself and so do not need no artifice to raise the prices . Only such repurchase would have a huge gain . The shares will be worth at least 50 % . Today we have 300 million shares at 0.70 brazilian cents real and this adds to the value of 210 million that the market prices the HRT . If they withdraw one third of the shares of the same movement would become 210 million divided by 200 million shares which already raise the prospect share prices to 1.05 brazilian real, including the impression of credibility in the company they turned to the market , that could put the odds from 1.50 to 2.00 reais . About devalues the action of HRT are managers and administrators how do iit, not us, not me . They perpetuate mismanagement . They make that severance packages to defend his own pockets to the detriment of the good interests of the company . Marcio Mello and others members sold the company's shares days before disclosure of drilling results . They prevent and making every effort to ensure that minority shareholders not supervise the company and pass it to an image that they do not want transparency to the market. Why? Because they destroy value in the our company where we are partners . We who have today the company in crumbs. Who is fault? THEY. It is not our criticism or praise that will make the company out of the hole . Results are and if they are not coming is because the work is not being done . 

First Objective: vote NO / AGAINST to all 
Second Objective: the company buy back 1/3= 100 million shares of own HRT company is our next goal . 

thanks 
Rzbern
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