LOL there is no chance of a consol, let alone a 1 for 10 lol. Completely understand youre frustration, youre not alone by any means, but lets keep this real. A consol simply will not happen. As for a CR, i guess that depends on the PDVSA funds that they have as a cash balance, but wont clarify (too me anyway), if these funds are for company use. What we do know is PDVSA have indicated they are commencing with the planned works as indicated in the last update, so its highly likely the funds will be ours to use very shortly, if not already, making a CR this year unlikely. I think the next CR will be when they are EBITA positive and trading at a much higher cap than here. $3 to $4 sp. In the event they do need a CR in the next few months, you would think it will be done at no lower than 85 cents.
FLC Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
