Hello Every body. From my last post yesterday 29/06/2020 or Post...

Hello Every body. From my last post yesterday 29/06/2020 or Post #45525636 the price of WESTERN CANADIAN SELECT oil has gone up from $34.99 to $36.20. Up $1.21 or 3.46 % in one day. I think this is the price America pays Canada for its oil. ( I COULD BE WRONG ) The announcement today ( Tuesday 30 of June) the offer to buy 1 000 000 000 more share at .003 is strange considering the X date is Friday 3rd of July and +Record date is Monday 6th of July.
If oil prices keep going up then the price of the shares would have been increasing. By the time August came then the option holders would have paid the .01 cents to convert the options to shares. What happens now when the price of oil keeps increasing and the price of the shares go up over .01 cent. That would mean that the company will have an extra $6 million for converting 600 000 000 options to shares on top of the $3 million for the share offer. Will this money be used to pay for the 20+ oil riggs to be drilled in the future or will this money go to pay the Directors bonuses or pay increases.
I truly hope I am wrong in the way I am thinking at the moment, but if oil keeps going up ?
Just think about it.
Thank you for reading my post and DYOR.
Pirates