AvenEx Energy Corp AVNDF

I say yeah!

[jjeerryy]

I voted YES on 3,300 shares.

 

I feel the AVF board knows AVF was doomed therefore this is the best they could get although lining their pockets on the way out.  It could have been worse they could have declined the merger and let AVF go bankrupt.

 

Think about it!

[Kingscourt]

So if I understand you correctly, the board is fully aware this ship is sinking and they feel no obligation to inform us shareholders (a.k.a. company owners) about the situation while they take their payouts and jump ship and you are ok with this? I feel strongly management had forgotten their role and obligations to all of us and by the sounds of it, many of you are ok with this. Would it have

[Al42]

New 52 week low today, maybe by the time of the vote we'll be below a buck!! And nothing from the Idiots running the company. What a JOKE

[Joe454]

This post has been removed in accordance with Community Policy

[jjeerryy]

So if I understand you correctly Kingcourt, you have ignorantly twisted my words.   I said "I feel" not I know.   May the bird of paradise fly up your nose.   After that drop on your ignorant head! 

[Kingscourt]

No need for mud slinging pal. I will chalk it up to a bad mood from Montreal's 6-0 spanking the other night ;) We are all in this one together. I was simply trying to highlight that weather the merger will benefit us remains to be seen, however, the way Avenex management went about the business of the merger, was unacceptable and if we carry on as business as usual, we are sending a very bad

[eusdond]

I'll echo your comments... This management team is nothing but a bunch of two bit shysters who have done some shady dealing behind the shareholders back and now think the shareholders are dumb enough to go along with it ?   I'm down $ 10,000.00 USD on this stock but I will loose all of it before I will vote to line those crooks pockets  at the shareholders expense...

[rad10]

true.  I am looking forward to the special dividend from the sale of ER when this unravels.  Should be around a buck a share.................   That's something everyone can enjoy.................................

[pwalk140]

Actually I'd say that if the deal doesn't go through due to Avenex that the sale of ER would simply be used to pay for the non-completion fee of 2.5% of it's enterprise value to the other two parties...or did you miss that part in the disclosures???  

[rad10]

LOL - you so funny!! non completion fee is usually triggered in the event of a third party bidding for the company and scuttling the deal.  It is a way of keeping other offers at bay    Besides the vote is failing at the PACE side of things.   Under YOUR incorrect scenario - Pace may well be paying Avenex! I would urge you to review the document - page 109 / 110:   The non

[deisman]

I don't think thats the case but just point me to the applicable clause where it says that a shareholder "no" vote  constitutes one of those "certain circumstances" "agreed to pay Charger a non-completion fee of $0.85 million and Pace a non-completion fee of $3.65 million if the Arrangement is not completed under certain circumstances"    

[deisman]

AvenEx's proxy solicitation agent, Laurel Hill Advisory Group at  1-877-452-7184 just confirmed my view and there would be $0 owing to the other two companies if the shareholders vote down the merger.  But, if all other conditions are met (yes vote) and the Elbow River transaction does not go through, Avenex would be responsible for the non-completion fee. (if CHX & PCE don't