Bullboard - Stock Discussion Forum Renaissance Oil Corp. RNSFF

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Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.

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Renaissance Oil Corp. > THE SHORT POSITION OF ROE

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Post by willifican on Jul 04, 2021 11:15pm

THE SHORT POSITION OF ROE

I notice that on "shortdata.ca" that ROE is in the 19th position of shorts on the TSE V. The value of the short position is $3,376,501 or about 6 million shares.

My question to the board is how are these short shares handled by the brokerage when ROE becomes part of RECO?

Is it possible that there will be a rush to cover these shares once a positive vote is announced in 4 days?

will

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Comment by Matteo1234 on Jul 07, 2021 1:08pm

Short positions carry over to new entity. Might experience some turbulence.

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Comment by Matteo1234 on Jul 08, 2021 9:56am

Just bought ROE @ .465cents. What a gift. Stayhard

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Comment by doggiestyle on Jul 08, 2021 10:45am

It was total gift (someone panicked and you got their shares)- especially now that they have shared that the vote is overwhleming in favour (%90 with only %50 required). There is a note posted from RECO on discord stating that the delay is due to a couple extra days required for the filing due to an admin issue. Someone in legal likely made a mistake that wasn't caught until the last ...more

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Renaissance Oil Corp.