The operators of CVI have shown what the future holds, just look at the past. Simba, etc. Also look at who the operators are connected to, plenty of suspect characters and a trail of looted, stripped out public companies and massively over inflated assets.
Maybe those 400M+ shares just placed won't actually be sold down but simply used for a majority voting positions, just as they were at the recent EGM, for resolutions required to alter the course of CVI to suit it's operators plans.
For mine, I will never believe that this company will actually do anything they announce, no drilling, no oil, nothing. The operators have got all they wanted and more out of CVI now it is surely just in compliance clean up mode.
Sounds awful but history does have a nasty habit of repeating unfortunately.
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