Providence Resources Forum

we'll find out long after the news is priced in.

i'm sure all the people who matter are in the loop i.e not you nor me..

Surely with LOGP about to come out of suspension on Wednesday morning Providence will have to make a statement Today, Tomorrow or Wednesday morning !!!!!

They dont have a plan, all i could see they are targetting for joint venture which IF happens. There should be salary and redundancies which isnt visible

I thought they were only going to issue equity if another deal didnt happen?

10 million, but the question remains they should have put the effort to sell 28% stake to more than under million but they havent even explored that option. The board is obviously working for certain major shareholder.

Hello Bullseye, company might say Barryroe is worth more than 1

As phonner pointed lansdowne is selling 28% asset to less than a million, and whole company is worth around 3.5 to 4 million i.e 20% of barryroe. Arent there anyone who can offer 10 million for 20% barryroe. The intention clearly dilution and scoop the assets. How come directors can allocate themeselves millions of stock for outstanding salaries, they were never bought in open market. This is clearly equivalent of insider trading they know whats coming and executed.

Of our dilution beyond all reasonable acceptable amount but then again we allways had to wait till down to the wire so its the last day of the month for final reults as usual. We are but the the riffraff here. We will be trown the scraps. Even step mama will hang onto her money this time i suspect. Once bitten twice shy as they say. I have bite marks all over. This time i keep my money in my pocket

O Reilly has a serious conflict of interest here at the helm of this company since he bats for his Daddys side. Nothing has ever been on the level here due to this constant consideration. Even in these troubled times and zero holding by senior i suspect that he is still somewhat in the loop, all be it at our expense. Next week we should hear o