Valeura Energy Inc T.VLE

Trading in 1 and 2 share increments

[firstworld]

Hilarious. Must be corp to ensure don't get delisted and insiders have liquidity to sell lol. This think looks like a Nigerian back water scam at this point....so much time to achieve nothing butoad the pockets with cash and options it hilarious.

[firstworld]

Just dumped 40K shares to gamble on bitcoin hahaha - same hot air but with great volume and tier 1 financials buying in!

[waitingstill]

Well, fortunately Anon pick up your droppings so you did not drop the price further. I wonder why they did.

[firstworld]

Just algos dealing with OPM likely welfare and other govt assistance fund haha. Canada can learn from Turkey who just goes in the next day after complaints with office search, arrests and detains all executives and management with interpol red notices for the runners hahah.....they don't delay. The govt permit excuse is total BS....the buyer principals are red flagged.

[waitingstill]

I was told buyer already operates in Turkey without issue. So why would there be red flags?

[Hannamuk]

  Investment bank operating in Turkey? Where's that?

[waitingstill]

Call VLE and ask.

[bandit69]

I called a car dealership once, they told me they had the best vehicles on the planet.

[firstworld]

LOL another day of nothing at VLE except back room schemeing on next cash and option bonus hahaha. So glad I dumped the 40K share and gampled on bitcoin up 10% already!  I should dump the othger 300K shares even at $0.25 avg I'll be ahead haha .

[stiffupperlip]

Stiff agrees with you. A lot of people got hosed out and Turkey's story isn't exactly something you can build a company around and then there has been no news for months and months. Where will the next shareholders come from? There were also some deals 6 months ago but today with commodity prices increasing it will be much harder to find one and if you do you'll pay a lot more for it.&

[firstworld]

All the have to do is spend $20M and roll / produce the deeps instead of paying $15 M to release the ewuip some heavy kick backs there probably to the newco buying the shallow at huge discount. This csuite and consultants know they will never get another chance to make a few MN after this failure and are just asset stripping it now.

[stiffupperlip]

Good points - thanks

[stiffupperlip]

Good points - thanks

[HarryKus]

When this hit $7 I sold and begged others to sell and run. They said it's going to $20 dead money. 

[firstworld]

My info is that buyer is UK newco formed for the purchase with zero transparency on shareholders and directors except some proxy director that costs $2K yr in UK . How could the be operating in Turkey. IMO govt is asking for well clean up bond or other guarantee before second sig and buyer having problems coming up with it. Otherwise this would be done deal in 8-12 weeks.

[waitingstill]

Well, my info is from company. Choose who you want to believe. Or call VLE and ask how the two are the same or different.

[firstworld]

Its all public record - I don't really care, I wrote this off with csuite rewarding themselves with enormous options and cash bounses for doing nothing except divesting the only cash producing line at a massive discount to last appraisal. Its a clear signal they are desperate so milking every peenny they legally can. Should have dumped it all when Equinor bailed but I beleived in their

[stiffupperlip]

Stiff wants to know - what is their monthly burn rate? How much is still in the till?