Forum energy a few years ago issued roughly another 33 million shares into the market ontop of the 33-35 million they already had. This is the main reason why both fecofs and Atok big wedges ownership went down as pxp's went up.
The reason I mention this is that the total outstanding shares for forum energy is roughly 75 million shares as opposed to other companies who have a billion or more outstanding shares. That means that if pxp gets a clue and wants to do the right thing for their value, they can easily and quickly have forum energy trade on the Nasdaq or pse and with a high price as they don't need to worry about reverse splits that many penny stocks need to do to get listed on a big board. Giving forum energy a high dollar valuation to be reflective of pxp's own 500 million market cap would put forum stock in the 10 dollar a share range. It would also be a direct way of valuing our own fecof shares since we'd simply have ownership to reflect only that investment for now.
We may be far off for now but if you write fecofs board or pxp's. But we should highly recommend they take that action as son as possible, so when contracts are signed, forum energy is directly recognized as well as all of its owners including Fecof. Seems like pxp is trying to steal its thunder or take the illusion that they are the only owner. Economically they are hurting themselves by keeping forum private and hidden. Forum shares could quickly rise and not be dependent on whatever pxp decides to value them . Loans would be easily attainable based on equity, and no new issues would have to be made as was the situation a couple years ago.
