OTCPK:WSRLF - Post by User
Comment by
tradebait2on Nov 03, 2014 1:59pm
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Post# 23089076
RE:Can one trade WZR rights now
RE:Can one trade WZR rights nowYes, you can trade your rights up to Nov.14th. They are currently worth $.005 (half a penny) per right. There is around 1.5 million rights for sale at that price and no buyers. Unfortunatley I believe that the price will be held down until after the rights expire.
If you're looking to reduce your dillution that would be the only "value" I can see for these. My prediction is that Crest Energy will end up owning more than half the outstanding shares at an average cost base of around $0.80ish. After the expiration of the rights I believe that the share price will settle in above that price.... Somewhere in the $0.95-$1.00 range. At the end of the day this company has over 1 million BOE currently and the likelyhood of shoring up more in the near future is promissing. Just my thoughts.
GLTA