Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).

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Reconnaissance Energy (Africa) Ltd > Scare the shorts: Declare $ 5 per share dividend.....

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Comment by peterj99on Jun 03, 2021 5:56pm

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Post# 33326587

RE:Scare the shorts: Declare $ 5 per share dividend.....

Regular shorts:
I think the dividend only has to be paid if a dividend date occurs during the period the borrowed shares are held.
And only for that period, not necessairly the entire year.

Naked shorts:
As I see it the naked shorts get away with even that dividend obligation as they don't really borrow any shares.

anyway that is what my guess is.

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