AvenEx Energy Corp AVNDF

pace press release

[dave77]

https://www.marketwire.com/press-release/pace-oil-gas-ltd-provides-update-on-strategic-alternatives-reports-2012-reserves-operating-tsx-pce-1764649.htm

PACE 2012  Q4  Net Loss per share  1.85

Net DEBT 215 M

Q4 combined (Boe/d) 11,909

[freedom-1970]

1.85 loss! Wow! Never checked this company out but with 215 million debt to boot! I wonder why they voted NO they could use our 80 million dollars! I just looked Chx is in same boat..>

[Kherson]

 I think we Avenex shareholders have just dodged a bullet. Pace is in trouble financially and it would now explain why Fred recently left. Think about is really going on here folks, management knew that they were having financial problems, but they were all prepared to leave with their pockets full. Guess who would be left holding the bag?  Joe454, I would really like your take on the

[Kherson]

 Sorry folks, I am now so mad that I forgot to proof-read my last post. I am sure though that you got the gist of it. I do have a question for our management team though, what the heck were you thinking? Kherson

[deisman]

Feeling qite good that I. Sold my pace shares a while back ($3.30). Now when do you supose we,ll see AvenEx's numbers?

[eusdond]

Kherson, As more information continues to surface about AVX management's attempted money grab, we see just how sleazy and underhanded they really are___ They have to be replaced ASAP...

[linus4]

Ouch..PCE debt  rising by the qtr. , CHX debt unweildly ! Why on earth would AVF's board even consider merging with these two sinking ships in the first place? AVF shareholders would have a better chance of survival  if they tied 2 anchors around their neck and jumped over board..Surely we can strike a better deal based on our clear balance 

[Kherson]

Eusdond,  This whole SpyGlass merger is looking more and more like a scam. Now we know that Pace is also in trouble financially(IMO) along with Charger. Either our management are crooks for having gone along with this or incompetent. Keep in mind that they should have been fully aware of the true financial situation of both CHX and PCE before the merger announcement. To go and sell Elbow

[indy94]

Their motivation was selfish greed for their severance payments, getting rid of them is not the answer, they should be investigated  and thrown in jail without severance.JMO

[freedom-1970]

Been around long enough in the markets to know nothing will happen. We need to vote No!! Get a new board or sell the whole company!! It's over boys as AVF. >

[freedom-1970]

Now at 120 market cap, 80 million cash! Someday must see a deal at taking us out!!>

[freedom-1970]

Now at 120 market cap, 80 million cash! Someday must see a deal at taking us out!!>

[eusdond]

Your statement could'nt be any closer to the truth than it is___ These guys have to be at the bottom of the barrell...I could have expected gutter trash like them in a U.S. company but I had much, much higher expectations from a  Canadian company... You live and learn...