GREY:SMBZF - Post by User
Comment by
sigfreudon May 24, 2017 8:00pm
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Post# 26280302
RE:Simba Essel Energy to Issue Shares for Debt
RE:Simba Essel Energy to Issue Shares for DebtIMO, this is why things are being delayed. More and more shares to them. Didn't someone say there wouldn't be PP? This is PP except no attached warrants. This is why things are being delayed IMO. How far will they go? Probably up to 1 billion shares outstanding before anyone see a drop of oil? This reminds me of the theory my friend proposed. Stupid Simba and Evil Essel.
They should sell 10% of Kenya block for >$20 million. I have no idea why they are trying to buy anything in Egypt and with what money? They will have to issue much more shares again for that. Outstanding shares could go to 2 billion shares before you see any drop of oil. Is that what the shareholders want?
Sell 10% of Kenya block, drill for oil, share price goes up substantially if oil found, raise money with less number of shares.