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Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

Shoal Point Energy Ltd. is a Canada-based oil and natural gas exploration and development company. The Company is engaged in the acquisition, exploration and development of oil and natural gas properties. The Company’s projects include Humber Arm Allochthon. It has the rights to the exploration lands covering approximately 220,000 acres in the near offshore of the west coast of Newfoundland. The Company holds exploration license 1070 (EL 1070) off the west coast of Newfoundland which totals approximately 150,000 acres. The EL 1070 in Newfoundland is considered to be an exploration and evaluation asset, as it is still in the exploration stage. The Company’s Pratt County project is considered a developed oil and natural gas property. The Company’s subsidiary is Shoal Point U.S.A. Inc.


CSE:SHP - Post by User

Bullboard Posts
Comment by frackeron Feb 07, 2018 1:17am
90 Views
Post# 27516768

RE:RE:REVERSE SPLIT

RE:RE:REVERSE SPLIT
ellen Let me explain... Shares were bid at .005 ask .01 before reverse split. The R/S is 1 share for 25 owned by shareholder, example 100,000 shares divide by 25 will give you 4,000 shares. The (consolidation) will become effective Feb 07/2018'. So the12 cent bid showing today (Feb 06/18) is the calculation for the reverse split to-morrow (Feb 07/18) So after the Reverse split and you end up with 4000 shares at .12 you end up with 480.00 -- The same as you had 100,000 shares at .005 cents a share value 500.00...No big deal.... But if you are a shareholder before a certain date, then you have the RTS (One rite for each share ending up with 4000 RTS and they also trade at .12 again worth again another 480.00 --- so your shares and rights after conversion would be worth 960.00 THEN - a share and a right will be worth .01 cent... but you have to buy your rts....at .05 (cost 200.00).. Your net worth 760.00 Let's hope it climbs over .12
Bullboard Posts