OTCPK:WSRLF - Post by User
Comment by
Markethound2on May 16, 2017 9:36am
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Post# 26248826
RE:Trading at 0.265
RE:Trading at 0.265sure looks like a ponzi scam scheme by Management and board of directors
https://seekingalpha.com/instablog/336846-ulysess/625671-western-zagros-kurdistan-oil-taqa-paulson-and-co-and-soros
does anyone remember this: https://www.hannamandpartners.com/uploads/2015/10/Kurdistan-2.pdf
or this:https://www.taqaglobal.com/media/media-releases/taqa-disposes-stake-westernzagros
TAQA bought some "19.9%" at 0.63 cents prior to the 5,000bpd production, then sold it to crest who paid double at a total of $85.1 for that 19.9% (74 odd million shares)
Now WZ is producing and selling over 5000 bpd, ISIS is out and according to hannam and partners, the ISIS discount is rubbish as US and allies are protecting the regions resources.
Why is Crest is being allowed to buy the remiaing 80% of the company with the Management and board most likely at 0.28 when in fact it is likely to be worth at the very least 0,69 cents if not $1.34 paid by Crest only 3 to 4 years ago?