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Bullboard - Stock Discussion Forum Renaissance Oil Corp. RNSFF

Energy
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.

GREY:RNSFF - Post Discussion

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
Comment by Matteo1234 on Jul 07, 2021 1:08pm
Short positions carry over to new entity. Might experience some turbulence.
Comment by Matteo1234 on Jul 08, 2021 9:56am
Just bought ROE @ .465cents. What a gift. Stayhard
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  
Renaissance Oil Corp.