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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Will regulators step in to investigate Viceroy allegations?
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Post by deepoil0808 on Aug 17, 2021 1:01pm

Will regulators step in to investigate Viceroy allegations?

Viceroy has made some very serious allegations against the company which should concern all shareholders. 

The Canadian regulators should step in to verify if there is any truth to these allegations.

It is their job to protect the investors. 

How is the average investor supposed to feel safe about their investment?
Comment by Chas15 on Aug 17, 2021 1:05pm
As much as I think Viceroy are scumbags, what did they do that is different than OilPrice? They chose a side, long or short and then gave their opinion on why the company was a scam. Not illegal. Same as OilPrice posting OPINIONATED articles about "the last great oil find?" and so on. That's kinda the whole point of the fine print on Viceroys release and OilPrice's release. You ...more  
Comment by deepoil0808 on Aug 17, 2021 1:18pm
That is why you have regulators, to step in and verify these serious allegations. From my end I am sure that a halt is coming soon that will probably last many months while regulators investigate these allegations.  They will look at the paperwork, contracts, contacts, etc....they will interview Viceroy, get their statements, their paperwork, etc.... The regulators can then make a proper ...more  
Comment by Chas15 on Aug 17, 2021 1:22pm
A proper decision on what? That Viceroy had an opinion saying that RECO was a scam? And that they came out with an article that they clarified was an opinion and they were to profit from it on why it was a scam and overvalued? I didn't hear people complain when this was flying up 40% a week with no factual reasoning. It goes both ways. 
Comment by nowanzen on Aug 17, 2021 2:47pm
Hey, Deepoil By clicking on your name, you show up as a couple of things - You started on August 8 2021 - By reading your posts, your colours are showing. You are consistently banging the drum on behalf of Viceroy, without any basis of claim, other than shouting LOUDLY without any actual evidence. - Recon is holding it's head up and answering all allegations with discovered ...more