FPL 8.33% 0.7¢ fremont petroleum corporation limited

Creative these guys are They announce a CR but tell us not yet...

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  1. 15,774 Posts.
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    Creative these guys are
    They announce a CR but tell us not yet but soon ( very soon imo )
    They announce reduction is salary but we know that is a necessity as they don't actually have the funds to pay these salaries at present
    They talk about gas and sales to be locked in within 90 days - note these guys always raise money before events not after because the events don't happen
    So gas is now viable , commercial and valuable and just when they need to raise money desperately all of a sudden everybody wants to buy the gas - amazing !!
    CR at .5 c by Christmas . These CR will dilute all holdings by 35-40% without drilling a well so per share the 100 bopd of they get there will be equal to 60 post raise . And as we have said before this raise it just to keep the lights on
 
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Currently unlisted public company.

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