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Bullboard - Stock Discussion Forum Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Prairie Provident Resources Inc. is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta. The Company has 167,869 net acres in its Michichi core area with approximately 40 Basal Quartz potential drilling opportunities targeting light/medium... see more

TSX:PPR - Post Discussion

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Post by rickflair on Nov 02, 2024 12:26pm

Reverse Split.

PCEP has around 80% of the shares and they had bought in at .14 a share.
So I believe with the offering the best they can do is average down at .07.
I believe that they should be at .085 or .09 max.

I also believe the PCEP shares would be affected if there is a reverse split.  PCEP would take a huge haircut on a consolidation move but who knows.

What do you guys think.
Have a good day.
Comment by SilverSam on Nov 03, 2024 1:20am
A reverse split does not affect the value of the shares, only the quantity.  If someone has 10,000 shares with a value of $1,000.00, and a reverse split brings the share count down to 1,000 shares, those shares still have a value of $1,000.00.  Each share is simply worth more after the split.
Comment by rickflair on Nov 03, 2024 10:19am
Hi, I know what a RS is.  For example at .03 ; a RS of 100 to 1 will be $3.00. If PCEP share cost is .07 well they need 7.00 to come out even. Once the shares are at $3 USUALLY they will decline to $2 then $1.   PCEP will take a HUGE LOSS.  We will see what they will do. WHOOO.
Comment by filefish on Nov 03, 2024 11:25am
PPR is essentially a "private company" in the hands of PCEP (80+% ownership). It will be their choice whether or not the Company does a share consolidation. If they reverse split, I am pretty sure that PCEP would defend the price from short sellers with additional purchases. In the longer term, I believe PCEP takes them completely private or PPR goes bust.