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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd
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Comment by SirSquibbelson May 13, 2015 12:06pm
166 Views
Post# 23724192

RE:RE:Little confused, so feel free to elaborate.

RE:RE:Little confused, so feel free to elaborate. oooh so what you are saying is that they are giving the creditors 4,320,000,000 billion dollars in share to dump a billiion in debt. Makes sense to me.

Ie 27,000,000 * 16= 4,320,000,000

So you will have creditors that will be trying to sell 27 million shares and the original share holders hoping to make a little off of there 500,000 ah gotta love the stock market. 
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