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Bullboard - Stock Discussion Forum FORENT ENERGY LTD. V.FEN

Energy Oil & Gas E&P
"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm... see more

TSXV:FEN - Post Discussion

FORENT ENERGY LTD. > Number of outstanding stocks
View:
Post by SamuelSamuelSam on Aug 28, 2014 11:38am

Number of outstanding stocks

Folks,

Can someone tell me how many stocks that Forent has outstanding? I cannot seem to find the answer on their web-site.

Thanks
Comment by Yajne on Aug 28, 2014 1:48pm
I think its just under 189 million fully diluted.
Comment by Yajne on Aug 28, 2014 1:54pm
PS...with a 16 mil market cap, these guys shouldn't be burning almost $100K/mo on overhead!
Comment by Backwardblade on Sep 08, 2014 2:19am
True....it's not too too high though.  I re-read the release and for the most part, all the options are out of the money,  warrants have expired and such.  44% of the outstanding is owned by the company reps.  These boys have to get paid.  Granted, they are rich boys, but considering the level of insider ownership, I can't honestly say that they are taking us to ...more  
FORENT ENERGY LTD.