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Bullboard - Stock Discussion Forum Delphi Energy Corp. DPGYF

Delphi Energy Corp is a mining company. It is engaged in the acquisition for an exploration, development, and production of crude oil, natural gas and natural gas liquids in Western Canada. The company's core area is uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.

GREY:DPGYF - Post Discussion

Delphi Energy Corp. > Aside from the new shares being issued
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Post by pennydredful on Sep 28, 2019 3:18pm

Aside from the new shares being issued

We    should    have     a  nice    float     with    the     1   for   15    reverse   .  Existing   shares   of   185,547,000    will    become    12,369,800   .    This    existing   share    float   is    reduced    down      further    by    the   existing   shares    Loomis    and  management     holds    to   about   9,143,474  .   Currently    the  entire    value    of    this    float   is  about   13M$$  .  Very   little   buying     will    move     the  shares   up  to  a  level  where   they    are  marginable   and   at   a  level   more   acceptable    to  institutions    .
Comment by Raymondjames on Sep 28, 2019 9:05pm
What range do you think the Notes will be trading at next week? If the Subscription Note Receipts were over subscribed as I am lead to believe, we should see a bid next week. 
Comment by pennydredful on Sep 28, 2019 10:08pm
Notes   are   thinly   traded    with   wide   spread   of   about    10.00.   Should   move   to  about   90     ex    wts.     once    everything    approved.  ...more  
Comment by Kruithof on Sep 29, 2019 3:55am
Garbage stock
Comment by pennydredful on Sep 30, 2019 10:22am
Too  true   .   Lost    99%   of  its   value  in   ten years  or so.    However   with   a deep pockets   controlling   shareholder   on   the  board   with   major   skin   in  the  game ...more  
Comment by Kruithof on Oct 01, 2019 1:05pm
Garbage
Comment by pennydredful on Oct 01, 2019 10:00pm
Care    to  elaborate    on  your    comment.  ?
Comment by Raymondjames on Nov 03, 2019 4:31pm
Penny:   seems small portion of existing note holders prepared to sell below 75 ( even with Luminous paying 75 without warrants). Would think those investors paying 75 on the new notes will bid this up post November 15th. 
Comment by pennydredful on Nov 05, 2019 11:24pm
  There  is an   institutional  seller   at    about    75   .   Depth  of  buyers   in  the  book   is   non  existent.   Seems   like   a waiting   game  for   awhile  .   The  & ...more  
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