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Painted Pony Pete Ltd PDPYF

Energy
"Painted Pony Energy Ltd Petroleum explores, develops, and produces petroleum and natural gas. The company focuses on the development of natural gas and natural gas liquids. The company's operations take place near the Montney formation in Northeast British Columbia. The Montney location is a sweet natural gas-saturated zone (natural gas that does not contain hydrogen sulfide or significant quantities of carbon dioxide) with no associated or underlying water. The company also has multiple gas pr


OTCPK:PDPYF - Post by User

Painted Pony Pete Ltd
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Comment by righand2on May 15, 2017 11:34pm
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Post# 26247970

RE:ugr

RE:ugr
Count_deMoney wrote: PPY paid for UGR by giving them 41million new shares of PPY.  Does UGR have to hold those shares for a period of time or can they sell them immediately?


No, they cannot sell them right away. One third will be released in 3 months, one third 3 months after that, and the final third 3 months after that. But I have a feeling they will keep them, as they sold UGR cheap in order to participate in PPY's explosive growth.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities