Saturn Oil & Gas Inc T.SOIL

Share split

[fortunetelller]

Why ?

[Johni24]

Probably because they dont want this to remain a penny stock? This helps getting new investors on board. They have more on the stock market. BUT, they are diluting further, unfortunately.  A bit hidden in the PR: "In addition, the Company expects to issue an aggregate of up to 268,333,333 special warrants pursuant to the previously announced brokered and non-brokered private placement

[peterj99]

My guess More acquisitions. Hopefully soon

[oiltycoon11]

I think the share split is needed and will be beneficial in getting bigger investors that don't normally look at penny stocks. Plus, it sets up Saturn in the future to do more acquisitions using their paper instead of cash. This is the best time for a company like Saturn to do this because they have so much positivity behind them right now. The warrants/dilution was mentioned in their inital

[peterj99]

My guess is they must be making a ton of money with the price of oil. Biden just about guarantees the future price of oil will be higher for a long time. Reduce American supply and then print money like a drunken sailor.

[ThatAlbertaGuy]

oh for sure they are making a ton of cash and wti ain't stopping at 70 . As for the reverse split I guess if it gets them off the venture and onto the actual tsx that would be cool . Time will tell but I'll miss my big stockpile of shares lol   

[peterj99]

It would be great if they announced another acquisition before the meeting. The first one was a complete surprise and so, nothing would surprise me from this management. My guess is when the dust settles the EPS will be HUGE