Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."

GREY:HRTPF - Post Discussion

Petro Rio S.A. > let me guess
View:
Post by robnhood on May 21, 2014 7:45pm

let me guess

1: The management wants to vote a guarantee that the HRT pays their lawyer bills and any fines.

2: The management wants to vote in hefty compensation packages, options, and golden parachutes.

3; The management wants a reverse split to do a financing using dilution.

4; The management wants to remove the poison pill and remove the 20% over intrinsic value clause.
Comment by NorthSun on May 21, 2014 11:16pm
This post has been removed in accordance with Community Policy
Comment by Rzbern on May 22, 2014 5:19am
Exactly Northsun. They want to reduce the number of shares and shareholders, to take the poison pill clause, which today are making them feel afraid because we're growing minority. Only proxies'm representing almost 10% of the entire company. They want to let the market play down the value shorting and take it for a bargain price. They will dilute us, destroying the company, throw us out ...more  
Comment by Rzbern on May 22, 2014 5:07am
Dear robnhood We can not leave the management to do what is best for them. HRT is ours. We are also owners of this company and we can not accept that these absurdities are proposing. This is immoral. We should vote agreeing only with the change of address pair a cheaper place and we need to vote against all the rest of absurd and indecent proposal. Rzbern