Prospera Energy Inc. V.PEI

Buzz on the Bullboards: Stocks to watch in volatile times.

[McBolly]

I don't think he has, likely staying on to avoid personal trouble. But after being a part of this debacle he will never be able to be a CFO, VP Finance or controller anywhere. His name will not be

[Jonathon Brown]

The TSX hit another record high on strong retail sales data and positive investor sentiment. However, the index quickly fell from grace. read article.

[geric]

How has the CFO come off unscathed?

[McBolly]

Oh absolutely. All signs point to bankruptcy and that is a slow process but it appears to already have begun. Anyone selling at this level and still in is a genius, anyone who takes the opportunity is

[Theonewhostocks]

Anyone still hoping this company will get back on track and produce some returns is waiting on a miracle. All signs point to panic, and I'd be afraid to invest a penny into this right now. 

[jleer42]

Yes, it is worrying. Subsequent to the quarter and ~$1.5M to be paid. It does not touch on how much, if any, has previously been paid.  If you look at the CEO certification filing, Shubam

[traderguy5000]

Along with some others, I'm coming to the realization that Sam appears to be gone. If this is true, it is material information, and the company should have disclosed it. Stepping down from the

[McBolly]

"There is a material risk that the Corporation will be unable to meet its payable obligations as they become due." $37MM in debt, which is worse than I thought and for whatever reason they

[PressRelease]

CALGARY, Alberta, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (PEI: TSX-V; OF6B: FRA) ("Prospera" or the "Corporation")Prospera Energy Inc. (TSXV: PEI) (“Prospera” or the “Company”) is pleased to announce its operating and financial results for the three and nine months ended September...read article.

[SuperTrader1970]

Bankruptcy

[McBolly]

And majors tend to avoid assets that can't pay their own bills, they are not in the business of bailing out indivduals from the messes they got themselves into. If the assets can't pay the

[jleer42]

Better chance of Wal Mart buying a kid's lemonade stand. If they had 10 times the production they would still be too small.

[SuperTrader1970]

My Recommendation is a complete TakeOver to a Major Oil Company in Alberta.

[traderguy5000]

So in a little over two weeks, in comes Garg, and out go David, Clifford and Dhaliwal, and we've gone from six directors to four. Half the old Board is gone. I think Garg is a good addition as

[McBolly]

I would not assume that yet, I mean it could be coming, but the website has already been updated and Sam still shows as CEO. Would it be shocking if he was terminated shortly, probably not. Those

[jleer42]

I'm assuming he is also stepping down as CEO/President, but that wasn't actually said.