GBP global petroleum limited

$25mill in bank

  1. 34,916 Posts.
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    Hi,

    Followed this stock a long time ago and thought I'd revisit. As expected they've had hard times but can someone just confirm for me, or am I reading this incorrectly.

    GBP have $25mill in the bank. They have 175mill shares at 15c = marketcap of $26mill or thereabouts. Is this correct? How is this possible if so?
 
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Currently unlisted public company.

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