Who said share consolidation is bad...look at Vivocom and Vivocom warrants. I am clearing all my Vivocom and warrants stock today buy back Bornoil 5c and 2.5c
For 2 years Vivocom forumers and Bornoil forumers say same thing. Then Bornoil ran. Then I ran. Then Vivocom ran. Then I am running. Now back to Bornoil. If wait 2 years then 2 years. 2 years 10X return I ok
We dont need talk fundamentals for penny stock. See Vivocom. But fundamental news will indicate when the sharks come in for another round...remember record breaking one day 2.8B volume here? Syioknyaaaaaa
The last issue of ESOS shares amounted 115 mil @ 3.68 sen on 9 Nov also can influence the demand and supply of the coy's shares in the market. It is allowable for the shares to be sell off in the market instantly or has to wait for certain period before its can be sell??
The ESOS nightmare is hunting the market. We can't do anything about it. After this bad dream settle, its should be more positive about Bornoil. Just my opinion.
The shares under PP @5.36 sen has been listed on 11 Sept 2020 (45 mil) and the earlier trance also has been listed. I'm not sure the balance if any from the up to 10% of the total number of issued share because there are a number of tranches before the last tranche at 5.36 sen.
140 mil shares left yet unlisted from the last 400 mil alottment of ESOS. -----------------------------------------------------------------------------
My calculation is refering to the this latest tranche of ESOS granted on 16 Oct 2020 (400 mil @3.68 sen)
I'm not sure the balance if any from the up to 15% of the total number of issued share because there are a number of tranches before the last tranche at 3.68 sen.
The ESOS allotment is not only for the staffs as it also allotted to the company directors. For me, after this PP and ESOS nightmares settle, the situation hope to be more positive. Bornoil has to be a long term investment rather than a speculative one.
For me, after this PP and ESOS nightmares settle, the situation hope to be more positive. ------------------------------------------------------------------------------------------------ Based on assumptions:
1. That the last PP will be ended fully before at the end of 2020.
Note 1: The Proposed Private Placement, which is expected to be completed before the end of the fourth quarter of 2020.
2. The third tranche of ESOS allotted on 16 Oct @3.68 sen amounted 400 mil should be the last tranche of ESOS under the new ESOS exercises. As today the balance of the last ESOS that not listed yet is 140 mil shares. After the last 140 shares listed, therefore this ESOS exercise will be completed. I think it will be sooner.
Note 2: The maximum scenario of new ESOS can be allotted based on an announcement on 22 May 2020 is 1,118,062,38 units of shares.
Total ESOS granted is 1,200,000,000 units of shares (Tranche # 1 on 2 July 2020: 400 mil @3.5 + Tranche # 2 on 7 August 2020: 400 mil @4.34 sen + Tranche # 3 on 16 Oct 2020: 400 mil @3.68 sen)
Based on assumption 1 and 2, the PP and ESOS exercises will be completed before the end of December 2020. After that, no more ESOS and PP if there is no more new ESOS or PP proposed and approved. No more nightmares from these ESOS or PP.
4. In the conditions that the company's performance in terms of profitabilty is improved and have good development whether concerning having good projects or good development (for example gold minimg activities) the company share price can be more easily to be push upwards.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lehubeng
1,143 posts
Posted by lehubeng > 2020-11-12 13:28 | Report Abuse
if esos 0.0368, greedy operators/sharks will not satisfy to dispose it at 0.05, they will definitely push it higher to gain more profit....