AvenEx Energy Corp AVNDF

shareholders of AVF become the Statue& management

[linus4]

Look back to see all the insider selling around $5.50 to $6.00 , just before they cut the dividend..Then they turn around & give away(imho) the only real income producing asset..I think E.R. could have supported a .28 cent div .by itself & this was their growth asset!!  Of course they pay or a  fairness opinion (which basically lets them off the hook ) & then they can drain off more money because they voted themselves a "change of control clause"...Meanwhile , the shareholders get shafted again while management gets paid for destroying shareholder value...This deal smells from day one & the only people to benefit are those insiders that planned a nice golden exit strategy for themselves..I voted no because of the above.

[pwalk140]

I agree with your above statement with the exception of voting no. If the deal doesn't go through what are you left with? ER is gone, AVF has no real production value or land, and you have the same management team. How does that make sense?

[eusdond]

It's really a shame when Corporate gutter filth like AVF's management team can actually get away with this immoral and unethical behavior___ Their actions illustrate one of the most classic examples of a company throwing their shareholders under the bus... Unfortunately, it's a sign of the times we now live in...

[Kherson]

Eusdond, I fully agree. But if we think that we are punishing our management by voting this merger down, we are only fooling and punishing ourselves, financially. Just maybe the Charger team can make this work. One good thing is that they are kicking the whole management teams of Pace and Avenex to the curb. It does speak of the former's management abilities... Kherson

[svager]

As I said before there is only only one way a AVF shareholder can salvage the money and it is by voting yes to the merger.   I believe that those who are buying AVF shares today are buying 15% yeild in spyglass. That is one juicy yeild in a fairly stable company.

[eusdond]

I'm not voting against because there is one positive thing in that the former AVX management is  being replaced but unfortunately with their pockets overflowing with OUR money...

[pennydredful]

Replaced  with   management  whose   stock  price   declines  were  even  more  severe  than  that  of  AVF  .

[pwalk140]

You need to look at the history of the management team though. Not argueing that CHX has declined since the IPO came out in March last year, but the purpose of Charger is/was exactly whats happening. They combined with 4 other's last year in March to get the land, now they are combining with PCE. The Charger management team has extensive experience running a dividend paying