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ROK Resources Inc V.ROK

Alternate Symbol(s):  ROKRF | RKRWF | V.ROK.WT

ROK Resources Inc. is primarily engaged in exploring for petroleum and natural gas development activities in Alberta and Saskatchewan. The Company’s diversified asset base in both Southeast Saskatchewan and Alberta is weighted to light crude with opportunities for natural gas development in the Kaybob area of Alberta. Its core assets include Southeast Saskatchewan, which comprises oil weighted conventional Frobisher and unconventional Midale prospects and covers over 131,000 net acres, and Kaybob Alberta, a gas weighted, stacked multi-zone reservoir with upside locations in the Cardium, Montney, Bluesky and Dunvegan formations. The Company covers over 75,000 gross (45,000 net) acres in Kaybob.


TSXV:ROK - Post by User

Bullboard Posts
Comment by Public_Heelon Sep 03, 2015 8:50am
69 Views
Post# 24074538

RE:RE:RE:RE:RE:Moriche Block

RE:RE:RE:RE:RE:Moriche Block
Sherbrooke - First, don't even waste the time to type that management does not have the best
interests of shareholders at heart. They certainly don't in PDQ, and  they certainly don't in
ANY company in which they don't have a considerable stake. And that's not just penny-ante
companies like PDQ.

I don't see how you get $7m potentially "to the good" for PDQ from the Moriche transaction. The
best you could hope for is for the transaction to close, and for that $3m to show up in Cash.
The A/P would go away, as would the Asset Held for Disposal, so the $3m going to Cash
would be the only difference. I guess, though, that's a $6m improvement in Working Capital.

I still believe there's no fraud here. They just CANNOT be doing something so obvious.
There is NOTHING that wil make it right if the money was stolen... no transaction or
accounting games can disguise $3m disappearing in a company this small. It HAS to be
something we haven't thought of. (actually, I don't truly believe that last statement, which
is why I only have a little bit of stock).
Bullboard Posts