RE: anyone bet on the Grand National11 Apr 2019 21:51
None of the 90M shares admitted on 16th of April will be sold as all those holding them have no intention of letting them go other than at a much higher level years from now! So there you go. Right, Now back to the beach! SB
Look at it this way. Before we were all betting on east Texas. Now we have a either way bet. Much better. And trust me we have kept the best of East Texas leases. All good here and I’m sure you are going to be happy in a few months. I’m now adding having previously reduced due to uncertainty over Texas. Still think Texas will be very successful. SB
The $24.5M was a net value after debt of circa $35M, The debt holders have taken shares in PANR and removed the debt, This is my understanding of the deal...Stephen