Post by
topgun on Sep 23, 2023 1:42pm
RE: Share price
With the stroke of a pen the CEO just elimiated 311 million shares from both small and large inventors. Is this not anti-dilution? At present the company is valved at 78,000,000 x $1.10 = $85,800,000. One might care to remember that the infrastructure alone is worth $600 million, not even considering producing wells with more to drill in the black sea and land packages in TURKEY in a very light oil prolific area. Art is not perfect and yes he has given very short notice of the consolidation and has made some mastakes, but even if the share price were to double to $2.25 ($.45) that is only a valuation of $175,500,000. So from that point of view I think that i will hang on to my "garbage" shares. Thank you. IMO.