VKIN - Revisiting Camber Energy: The Situation Still Looks Bad And I Continue To Be Bearish
- The company’s share count has hit 250 million and is likely to increase further due to the conversion of Series C preferred shares.
- Its main subsidiary posted weak results for Q3 2021 and it transferred most of its oil and gas business in October.
- With that, the main assets left include a 60.5% stake in Simson-Maxwell and an IP license agreement for a carbon capture system that covers Canada.
- I doubt those two are worth much and I’m still bearish.
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Revisiting Camber Energy: The Situation Still Looks Bad And I Continue To Be Bearish