News Focus
News Focus
icon url

zoonall

05/03/14 1:56 PM

#1243 RE: Canesa #1242

Basically, the company has 8 million in assets. No debt; and both subsidiaries are making money. This company is nolonger a shell. The company has a huge upside. As far as investors, this company needs a little atttention, and we will be in penny land.
icon url

newey_to_the_block

05/03/14 3:50 PM

#1245 RE: Canesa #1242

Well from what I understand they diluted something like 139 mil shares in Dec 2013 and In March 2014 to raise the capital to purchase the oil field in Texas. So while they might have 8 mil in assets it was at the expense of shareholders.