GREY:DPGYF - Post by User
Comment by
RichyRich$on Sep 24, 2019 6:53pm
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Post# 30161000
RE:RE:Reaction
RE:RE:ReactionI agree Raymond. Also the reverse split is a good thing because it allows the price to remain above $1.00. That attracts the larger investors as most have a rule not to buy if share price under a dollar. For those that don't understand reverse splits. You don't lose money. It's less shares at a higher prices you keep... but the total dollar value of your shares stays the same. $43 Million injected into Delphi by smart investors that don't make money unless this goes above $.11 before reverse split. I also remember at the quarter report conference call, they plan to pay down debt aggressively even without this deal. This deal will help them open up more wells while paying down debt at the same time. Operating Cash Flow will increase as debt decreases. A longterm hold. Also... management is well respected at Delphi. Future funds will want to invest as the Canadian Energy Sector rebounds.