RE:RE:RE:RE:Escrowed sharesTuco110 wrote: Maxmoe wrote: Okay, thank you old f*rt and good luck with your warrants. Looks to me like the 103 million shares are post consolidation at $3.40 post. That's a huge wall of stock. Even after reading policy 5.4 I am not sure what the schedule is for release of those shares. 17 pages of jibber jabber. Written by weasel lawyers to create billable hours for other lawyers. Maybe spread over 18 months, maybe 36 months.
I'm pretty sure all those shares went to CNOR who were the 100% owners of Pipestone Oil and are now the 55% owners of PIPE. I don't think they plan on selling any shares.
CNOR -> Riverstone-> Goldman Sachs-> robber barons!
Nobody checks anything these days.
Riverstone is proud to have
started the company with ~$30 billion (huh?).
Riverstone was started by former (?) Goldman Sachs bankers.
Modus operandi: Buy them, work them to success, dump them.
Visit their website and read it.
But, PIPE is doing fine.
Where have all these very cheap warrants gone? Who wants a bigger piece of the pie?
Which of the three insider financing companies wants to pull a trick on the other ones?
The warrants stand for ~10% of the outstanding shares?
Riverstone, GMT Capital, or Grafton? Possebly all three of them consecutively.
Hypothesis:
Even if the shares do not get over $3 (highly unlikely), the warrants will be exercized.
Why?, so the pie may be divided in a different manner than it has been intended at first.
Business is business after all.
That's the reason that I think there will be a fight for the pityful few warrants left.
I have stated one big worry, for me, around the time of the RTO.
In case they pull that trick, I'm out.
Isn't all this unfounded conspiracy thinking just wonderful?
Have fun.
Happy holidays too :-)