It’s surprising that FELPU - Forsight Energy which crashed out of the NYSE straight into the OTCQX is listed on the OTCX.
This company is penny stock exempt.
Company Overview
(Taken from OTC Markets.)
Foresight Energy is a leading producer of thermal coal. With nearly 2.1 billion tons of coal reserves, we are among the largest holders of coal reserves in the United States and our reserves can support over 75 years of production at our current production level. We operate four mining complexes in the Illinois Basin.
However, this poster on twitter has taken extracts from the company’s balance sheet showing that the company still has assets (minus liabilities) of $500m.
On a fully diluted basis of 80, 996, 773 Outstanding Shares divided by $500, 000, 000.00 that makes a net asset value of $6.17 per share.
See the extract from the accounts on this twitter poster’s account.
See the extracts taken from the company’s accounts on the two above twitter accounts.
It is believed that the CEO has a plan to resume the company’s listing on the NYSE.
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
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