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Bullboard - Stock Discussion Forum Bellatrix Exploration Ltd (Canada) BXEFF

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's... see more

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > Founding Shareholders of Spartan Delta
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Post by pennydredful on Jun 06, 2020 12:33pm

Founding Shareholders of Spartan Delta

are    up     6    times     their    money   buying    assets    of   Bellatrix.   Originally  they   bot   one   share  with  one   warrant   exercisible   at  ..01   in   shell   oil  and  gas  company   Return  Energy  .   After    a    one  for   100   reverse  split   and  name  change   to  Spartan   Delta   they    have    a   cost    of   1.00    per   share  and   wts    exercisible     at    1.00  .  Spartan   Delta    shares    are    now     3.50     so      their    shares   are    worth    3.50    while    their   warrants   exercisible   at    1.00     are    worth     2.50    .    Cost    1.00    worth    3.50+2.50= 6.00   .    They   have    a   six    bagger     in     a   few    weeks    off    your     back   while   you    got  NOTHING  .
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