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Renaissance Oil Corp. RNSFF

Energy
Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.


GREY:RNSFF - Post by User

Renaissance Oil Corp. > TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast
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Comment by wmstockon Apr 19, 2021 9:59am
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Post# 33021272

RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast

RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fastBINGO!  It doesn't matter if roe goes down, we are tied to RECO so "at Pursuant to the LOI, ReconAfrica will issue to each holder of a Renaissance Share 0.046 of a common share of ReconAfrica".  So do the math, if reco is at $10, ROE is at .46 cents.  So technically ROE is the better buy right now, you will get more shares of RECO.

petesfreak15 wrote: Who cares?  We are tied to RECO now...unless they change value of share to share swap. Price could be zero.  Then you would buy more!!!  Looking at RECO right now, our shares are close to .41cents, if you do the math!  Buyout based on swap % not on value!


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