Post by
Beenburned64 on Nov 08, 2017 8:45pm
Out of funds and delisted.
So many venture companies end this way. The stock drops from dollars to pennies with private placements at progressively lower valuations along the way as managent keeps furnishing themselves with a nice salary and they string along shareholders with periodic news releases to keep waning hopes alive. Eventually the share price is so low that it becomes impossible to raise enough money to advance any sort of project and then comes the delisting. It all seems liike an elaborate scam carried out over many years and leaving countless bagholders in the lurch. To add insult to injury sometimes the key players leave the carnage behind and start another TSX venture company. New name, same game and the cycle goes on.
Comment by
wallywill on Nov 09, 2017 9:08am
"EnerGulf Resources Inc. is an international oil and gas exploration company focused on targeting high impact opportunities that present explosive growth potential for shareholders." Yah sure it is.
Comment by
Columbus1494 on Dec 01, 2017 12:36pm
Here is our successful leader of the board. https://www.youtube.com/watch?v=ltrHCWe49jQ
Comment by
Columbus1494 on Jan 14, 2018 7:20am
Wait a minute...does Energulf have a small share in the Canoe prospect after all? They paid 200000$ to Texas South. https://finance.yahoo.com/news/energulf-announces-participation-gulf-mexico-123000783.html After the Gulfslope/Texas South deal with Delek,Texas South has a 5% interest in the prospects. https://ir.delek-group.com/static-files/58c0a77a-88fa-44db-bcda-ea9a8bcc8d5a