Range Resources Forum

If you are an original shareholder in a failed company that is planning to go through a reverse merger, you will have a chance to vote on whether to accept the merger. Since your stock is essentially worthless, voting for the reverse merger might seem to present hope of eventually recovering your investment. You will receive a certain number of shares in the new company in exchange for your original shares, but that number will be considerably smaller than the number of shares in your original holding. For example, the new company may trade 25 percent ownership for the public shell. If the new company has 100 million shares authorized, it gives 25 million to the original company's shareholders. If the original company had 250 million shares issued, each shareholder will receive one share of the new company in exchange for 10 original shares. In this example, if you owned 1,000 shares of the original stock, you would receive a certificate for 100 shares of the new stock.

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1.Why had RRL been placed in Suspension? 2. Can a PI sell shares they currently hold to a third party whilst in suspension? Brain food. Best Doji

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Well when you read this you have to take notice "The boss of oil giant BP Bob Dudley has said that oil prices could remain low for up to three years." Celtic maybe the BBC are deramping the sector just to get you! Best Doji

low oil prices are bad news for companies with lots of staff, admin ect, Even if a company like RRL cut staff in T&T It wouldn't have an impact as Celtic once stated, when it was pointed out by a poster about the staff levels at TT and not much being produced, the wages a low so it would make no difference also to back up his claim Celtic also stated that rrl need this many staff to run ops in TT ...Best Doji

Oil prices could be low for up to 3yrs says BP...[link] Best Doji

"This has happened before, and the industry adapts, but the adaptation is one of slashing people, slashing projects and reducing costs wherever possible, and that's painful for our staff, painful for companies and painful for the country. The industry is in a bad way, Best Doji

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'Everyone is retreating' "It's almost impossible to make money at these oil prices", Mr Allan, who is a director of Premier Oil in addition to chairing Brindex, told the BBC. "It's a huge crisis." "This has happened before, and the industry adapts, but the adaptation is one of slashing people, slashing projects and reducing costs wherever possible, and that's painful for our staff, painful for companies and painful for the country. Best Doji