Value Microcaps Junior Energy

[rocketeer357]

Great question. And more importantly, what kind of merchant capital company doesn't have a website?

Just speculation here:

1. Porto needs money and nobody's answering calls. So they cut this Black Spruce oufit 1 million shares at today's PPS to find them some financing.

2. Porto knows something about the 11 holes drilled thus far and is positioning themselves for monetizing what they think they have found in the ground

3. Porto's too busy planning for the masive discovery they sense they have and have hired Black Spruce to sell a pre-packaged farm-out agreement

4. Black Spruce Merchant Capital is Ivan Boesky's new venture capital outfit

I'll say one thing: the news of this agreement/arrangement between Porto and Black Spruce sure crossed a lot of wires. My Google search of Black Spruce Merchant Capital stopped after 7 pages. Every web hit was a link to this story.