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Bullboard - Stock Discussion Forum AvenEx Energy Corp AVNDF

GREY:AVNDF - Post Discussion

AvenEx Energy Corp > extracting facts
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Post by mo1975 on Mar 06, 2013 9:08am

extracting facts

For 2012, the Company had a net loss of $153.0 million. The per basic and diluted share loss was $3.25. During the year the Company recorded impairments on its property plant and equipment
 
 
 
with a NAV of only 9.91  per share , less debt of 4.25 per share ... net worth of only 5.66 per share at the 2012 rate this company only has about a year and 1/2 left in it.... so yes it is time for all good men to come to the aid of the party  and bailed out the executives and merge so they can cash in on their stock options and other benefits they would not have next year.... what i do not understand is what cpp sees in blocking this sale on pce or is it because they also have a big chunk of avf and that is where the nays is warranted
 
joe, what do you think, sell your pce share and chx share and then move on, or wait for what will not happen is a rescue of pce and chx by avf....
Comment by rad10 on Mar 06, 2013 9:55am
Had a chat with PCE IR yesterday before the release - they are going "on the road" to flog this deal to the intstitutional investors that voted nay.  They are open to other offers, but will not state what avenues they are pursuing. When faced with these situations - I always seek opinion from the most experienced, insightful people  -   Joe where are you buddy?............ ...more  
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