KKO 0.00% 7.9¢ kinetiko energy ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10

  1. 581 Posts.
    lightbulb Created with Sketch. 13
    Hey @Exceptional1 - I am looking into thi stock and do not understand these bits:

    "The activities are conducted through Afro Energy (Pty) Ltd (“Afro
    Energy”) an incorporated joint owned by Kinetiko Energy Ltd of Australia (49%) and Badimo Gas
    (Pty) Ltd (“Badimo”) of South Africa (51%) but contracted to be acquired 100% by Kinetiko."

    AND
    Proposed Acquisition of Badimo by Kinetiko
    Badimo Gas (Pty) Ltd and Kinetiko Energy Ltd executed binding formal agreements with the
    Badimo to increase its shareholding in Afro Energy from 49% to 100%.


    Is that missing a comma? KKO going to have 1.2B shares on issue as they are buying somethng right?

    Also whats the estimate of non-escrowed shares as I think a bunch is being use to pay off 3rd parties?

    Thanks in advance IT...
 
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