Kolibri Global Energy Inc BNKPF

Tax loss

[wittmann]

Tax loss selling and the huge drop in oil lately ,makes me wonder that even with a great update,it won't lift the share price.I wish they would rather delay the news until next year.This year has been the worst for stocks ,and how they fell(especially oil)..in the 20yrs I've been investing.Some good oilco's have hit all time lows..that's 20 YEARS.Its beyond comprehension I expect a decent rebound in oil next year as it is a fantastic tradeable commodity 
There's simply too much money to be made by buying and then shorting oil...all by major players of course...and if one looks back at the excuses made by analysts over the years..they only express opinion based on the day..proof that they know zero about tomorrow. 
We retail investors have always meant little as well..except when some pinhead sells a few  K  of any given stock..only to see nobody hitting the bid.
That's what's killing the oil market now..it's all sell and no buyers.

[BrokerG]

Time to do a little math. Our current market cap is approx. $70 million [ 240M shares x .29 cents share]. This means the company along with all if its assets - long term debt is not worth $70M. That is almost impossible. Their assets alone are worth $160M. If they sell their assets and pay their long term debt, the company is worth $131M or .50 cents a share.  What the market is saying is

[BrokerG]

Well, last day for tax loss selling. Let's hope that stops the downfall. Don't think I can stomach much more. Rest of oil's are up, so must be tax loss selling [hopefully]. This new Well report is way overdue. I know they said end of month but let's go.