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Kolibri Global Energy Inc BNKPF

Energy
Kolibri Global Energy Inc, formerly BNK Petroleum Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada and Other.


GREY:BNKPF - Post by User

Kolibri Global Energy Inc > press release
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Comment by BrokerGon Jun 22, 2018 7:19pm
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Post# 28216706

RE:RE:RE:RE:RE:press release

RE:RE:RE:RE:RE:press releaseNot sure if this could explain the sell off yesterday but according to the AGM press release, BNK passed a resolution to issue three series of Preferred shares, along with a stipulation that a max 10% can be converted to common shares in the case of default.

This resolution passed by a vote of 66%. That is not exactly a ringing endorsement, unless you are running for President. Is it possibe that a few large shareholders or institutions were unhappy with this resolution and sold their shares?

Thoughts?

Have a nice weekend.
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