We are receiving additional shares to offset the additional shares being issued to PIC and Allied Energy. Thanks to the additional shares, we aren't being diluted. Our equity value is actually increasing.
Not sure what you mean by delisting. We will be trading on the New York Stock Exchange and the Johannesburg Stock Exchange. It's called a dual listing not a delisting.
You will have already received it. Payable date is the 21st. The larger issue is you're a moron for selling now. This company is just now receiving funding to get started, and growing from 200 bbls/d now to 2,000 bbls/d in two weeks, to 14,000 bbls/d in 9 months. Hold while they drill this year and next year in Nigeria, then begin drilling in Kenya and Gambia in 2015 and 2016. Dr. Lawal is great at bringing in partners too. Check out the investor presentation on their website. Not a good time to sell.
CAMAC announced today that it has set a record date and meeting date for the special meeting of stockholders. Watch your mailbox and return it by Feb. 13. When approved on the 13th, when will the PIC fund their investment?