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TORO OIL AND GAS LTD V.TOO

"Toro Oil & Gas Ltd is engaged in the acquisition, exploration, exploitation, development and production & transportation of oil & natural gas reserves."


TSXV:TOO - Post by User

Comment by mike49on Jun 12, 2016 6:40pm
145 Views
Post# 24958679

RE:RE:RE:RE:RE:Bought more

RE:RE:RE:RE:RE:Bought moreTrading is a little wonky but regardless,too needs capital and in their last release they stated that they were looking at " a change to the capital structure".
Plain enough for me.
No biggie-flow thru makes the most sense and least dilution when one takes into account the monetization of the tax credit.does no good sitting on too's books.
My point about waiting is that if mngt is making the rounds then those able to short,will,and that is no biggie either.just the money boys playing around but maybe a better (re)entry or add for the average investor.
Very limited downside here but bank line or new money essential.
I am thinking there is a possibility of a rights offering,or take advantage of the new crowd funding rules.
I would be in.
Stay safe
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