CGX Energy Inc V.OYL

How to build a large position...

[SheDrills]

Buy the rights, they are almost free now.  You get as much as you want at a fixed price that doesn't move the market.  I know a small fund who bought 160,000 today.

[docsdrillers1]

Been in this stock for close to 21 years so nice to finally see a chance at realizing the Dream we had back in the day believing in thist story. I will let my rights expire and added a strong position at well below the rights price...seemed like an absolute no brainer.. A buddy of mine alwasy invests in companies that offer rights since as you all pointed out they have information we don't

[jtdd]

Why are you letting your rights expire? If you didn't plan on exercising them, you could have sold them. I sold my 110k rights for $4000 and bought 3000 more shares. Free money and shares!

[Coloradobuff]

You really have over 700K shares. Well here's hoping it does 10usd and you can retire!

[jtdd]

703000 actually, thx Colorado! U2

[Coloradobuff]

Awesome!. I am closer to the 7,000 than the 700,000 but, still will celebrate if it hits 10usd. The fact that this is a binary play makes it too hard for me to put that much in cgx. Against my conditioning, but want to see you all celebrate. I probably will do a nice steak dinner if it hits. 

[chopchop]

does "binary play" translate to offshore cartel money laundering vehicle out of canada ? 

[dragonfly454]

When you buy the rights (oyl.rt) at 0.05 what is going to drive it up between now and 5:00 pm on Oct 28 when the rights expire on the 28 Oct 2021. U would have had to communicated to CGX and paid up your $1.63 for each right you exercise within a time window to the 29 Oct ..the amount of rights you exercise gives you a next right to get a pro-rata bite on the rights not exercised you and FEC so I

[SheDrills]

It would be very difficult to buy 100k+ shares without moving the stock to or above the rights price....so buying the rights for 0.005 today, tomorrow, ect is a way to silently guarantee your cost basis.

[ljmorin]

Why would I buy rights when I got a ton already and an average @ .30. It's different for everyone.

[Coloradobuff]

I have a few shares but why would I buy the rights at 1.63 when they trade for 1.36? If one was to buy say 10,000, they would save $2,700.

[Dirksidetrack]

Schrodinger's cat is licking ayahuasaca. He's there and not there at the same time. And he also couldn't give a hoot what CGX does because he's not an owl. "Pick-up!" screamed the Sandman. So Digger Dawg picked the bit up off bottom, shut off the pumps and flow checked.Rooster lazy. Doesn't get up till 9:30 am. But the guacamayas (macaws) "muy pila". They