Petro Matad (PRTDF)

[douginil]

August 8, 2021

[[ Thanks to Oil Man Jim ]]

Petro Matad (MATD) had to announce last week that it managed to raise only £76,000 of the $2 million hoped for. The $9.7 million previously raised by MATD through a 3.5p placing and subscription had already come at a terrible price to shareholders, with the shares apparently “pre-sold” by insiders all the way from 8.8p down. The price now is 2.9p.

Read at:
https://oilmanjim.blogspot.com


Not a happy situation