Post by
grenouille on Jul 26, 2021 2:56pm
great post on reddit
full of more technical info than i can understand ...interesting comments section below the post.
https://www.reddit.com/r/ReconAfrica/comments/orjhgs/meanwhile_back_at_the_ranch/?utm_source=share&utm_medium=web2x&context=3
Comment by
peterj99 on Jul 26, 2021 5:13pm
jimgeorge There is an easier way. Drill a convetiona oil well LOL you posted " That "full suite" of logs will give data to determine the rock type, porosity, whether or not there is a potential reservoir rock, what the fluids in those reservoir rocks are...but only a drill stem test or a completion and flow test can say whether any hydrocarbons are producible."
Comment by
jimgeorge on Jul 27, 2021 1:44pm
The PR says all ROE options are rolled over into equivalent Recon options. It's true that a corporate takeover or merger usually causes all options to vest, but typically the option holder has one year (or more) to exercise vested options. So there is no hurry to exercise and no immediate need to sell shares.
Comment by
jimgeorge on Jul 27, 2021 1:47pm
I should have said the option rollover is not a rollover under the income tax act, that doesn't apply. The rollover of the options simply allows the option holder to maintain their options as per their original Option Agreement with ROE.
Comment by
TeslaPlus1 on Jul 27, 2021 2:04pm
That's not my experience. Have you examined the term sheet for the options ? Doubt it. So again speaking about stuff without all the facts. Who do I trust ? - you ? or Grayson ? Hahha. I think that's pretty clear. So stop with your FUD. Or prove your point with a section of the ITA Canada. Pretty simple.
Comment by
Moneycat on Jul 27, 2021 7:39pm
I think what Tesla is trying to say nicely is stop coming on here thinking you know everything!! You actually finally said something that pertains to a lot of your BS. "I have no Idea" P.s what kind of rich ex ceo spends time on bullboards trying to be Robin Hood ??
Comment by
jimgeorge on Jul 27, 2021 7:42pm
Me! And btw, I was asked a question so I answered it.
Comment by
peterj99 on Jul 27, 2021 8:39pm
OK jimgeorge. You like answering questions. So here is a question. Do you still think RECO is a scam?
Comment by
TeslaPlus1 on Jul 27, 2021 9:03pm
what question did you answer@ ? I@m still waiting for@ you to answer mine. Give me a section reference ITA Canada@ backing up your assertion.@ Full stop.@ @If you do, I@ll have it checked out and we can have a real fact based discussion.@ @Until we@ get a reply to@ THAT QUESTION,@ do us all a favor and post somewhere else.@ Or go hang out with@ your friends Fraser, Gabe at Viceroy.@@
Comment by
jimgeorge on Jul 27, 2021 9:58pm
I answered a question from g0mar7 - look it up.
Comment by
g0mar7 on Jul 27, 2021 11:07pm
Bunch of children on here. Thanks for answering and providing your opinion whether right or wrong. Appreciate it. For the lot of you that can't take the opposite or opposining side of the trade and worship the stock with devotion grow up. I'm long RECO but some of you are nuts.