Replies to post #4035 on Petro Rio S.A. ADR fka HRPTY

[GusGold]

Good post..tanure has 57,251,713 shares (1 share = 1 vote)...GDS holders have 118,090,300 shares (2 shares = 1 vote)...then add in all the shares owned by insiders through options and guess the outcome of the upcoming vote

[VanWilder]

The options DO get converted by the reverse split. That is always the case.

[powerwalker]

Goldcanyon, these shares were issued from May 2012 and would total only 144,533 after the reverse split. Notice the average share paid R$2.63; it has been awhile since the shares were that high.

In all likelihood, these shares have been sold by the option holder and in the hands of Tanure organization. So, they represent only 1.5% of the total shares outstanding, and ...

therefore, GusGold, it is NOT a done deal because of those numbers as you posted in a later post.