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Delphi Energy Corp. DPGYF

Delphi Energy Corp is a mining company. It is engaged in the acquisition for an exploration, development, and production of crude oil, natural gas and natural gas liquids in Western Canada. The company's core area is uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.


GREY:DPGYF - Post by User

Post by pennydredfulon Sep 28, 2019 3:18pm
244 Views
Post# 30173966

Aside from the new shares being issued

Aside from the new shares being issued
We    should    have     a  nice    float     with    the     1   for   15    reverse   .  Existing   shares   of   185,547,000    will    become    12,369,800   .    This    existing   share    float   is    reduced    down      further    by    the   existing   shares    Loomis    and  management     holds    to   about   9,143,474  .   Currently    the  entire    value    of    this    float   is  about   13M$$  .  Very   little   buying     will    move     the  shares   up  to  a  level  where   they    are  marginable   and   at   a  level   more   acceptable    to  institutions    . 
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