Petro Rio S.A. ADR fka HRPTY

[powerwalker]

Sorry that I was not more descriptive in my thoughts on shares issuance.

I am not stating that in its report on raising funds, GS will recommend a share issue for sub-50 cents. In 2-3 months, the SP should stabilize at a better value of cash value plus asset farm-outs plus market values for Polvo as the deal should have closed and the Amazon Plan as some of the commitments might be completed and made known to investors, giving them more confidence.

One possibility in this report is that GS may suggest a reverse share split now and wait for a few months for a share issuance as HRT management proves it can be successful in carrying out some of its plans.

This might be far-fetched but it is an idea that will receive some consideration. Remember investment banks love share issuances due to the fees they receive.

Of course, everything might be mute if the hedge funds have increased their ownership % into the 40-50% range over the last few days.