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Gulfsands Petroleum extends open offer - looks like it is going to bomb

By Tom Winnifrith | Tuesday 5 January 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Quelle surprise, the open offer of shares at 4p from Gulfsands Petroleum (GPX) is going to bomb. As someone who called the shares out as a sell at 111.75p to much derision from the Bulletin Board Morons who - of course knew far more about oil and shares than did a dumb alcoholic pizza boy - it is somewhat gratifying to see the shares now trading at 3.5p to 3.75p.


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