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Bullboard - Stock Discussion Forum PetroKamchatka PLC V.PKP

TSXV:PKP - Post Discussion

PetroKamchatka PLC > first a rollback-probably 20:1
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Post by bleuhoarsheu on May 27, 2011 1:04pm

first a rollback-probably 20:1

Then a financing at $1 for 30 million.

Not very likely we'll see [Nine Xendrillion] shares offered at .000003 to get the money.
This is standard shell building going on here.

bh
Comment by bulhanine on Jun 18, 2011 1:43am
Xendrillion is not a number.But a billion is - and that is the number of pre-rollback shares this deal is going to cost at the valuation stated in the press release.  If we add the estimated cost of the risked reserves, add another billion shares, more or less.TWO BILLION new shares.  For what??  This is not "standard shell building".  It is massive dilution of our ...more