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Bullboard - Stock Discussion Forum Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

Shoal Point Energy Ltd. is a Canada-based oil and natural gas exploration and development company. The Company is engaged in the acquisition, exploration and development of oil and natural gas properties. The Company’s projects include Humber Arm Allochthon. It has the rights to the exploration lands covering approximately 220,000 acres in the near offshore of the west coast of Newfoundland... see more

CSE:SHP - Post Discussion

Shoal Point Energy Ltd > Share structure
View:
Post by barryt34 on Mar 26, 2021 7:30am

Share structure

Shares, fully diluted 96,432,131*
Warrants O/S 16,860,657
Options O/S 7,110,000
Comment by barryt34 on Mar 26, 2021 4:10pm
46 million shares after the reverse stock split.  20 million of that was shareholders before the reverse stock split.  Mostly deep pockets .  Imo 20 millions shares or less of this company are owned by us the public.  I'm going to guess 15 mill to 10 million. I own 2.5 mill of that amount.  So around 75 to 85 million of this company is owned by strategic deep pocket ...more  
Comment by barryt34 on Mar 26, 2021 8:31pm
Even if they did a pp at 1 dollar and invested into a big play, the cheap 6 to 12 cent shares would make them a great return.  It's like this is a private company now. Two reasons im still invested. Mark jarvis track record and the people involved behind the scenes.   
Comment by HIKER2013 on Mar 26, 2021 11:03pm
If you are saying actual public float is so small, would you think much of that public float might have changed hands after the bad news ? HR
Comment by barryt34 on Mar 27, 2021 1:04am
I'm thinking a few people sold shares with the bad news. Of course. I also think the deep pockets bought up those shares.  This is the only reason im still here.  I see the trading patterns and I like it. I could be wrong.  
Comment by moneymakerdao on Mar 27, 2021 4:30pm
So are you saying they manipulated this situation to shake out the weak hands?
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