Bullboard - Stock Discussion Forum Bellatrix Exploration Ltd (Canada) BXEFF

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Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's... see more

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Bellatrix Exploration Ltd (Canada) > Hypothetically Speaking

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Post by Just1Question on Apr 01, 2019 11:15am

Hypothetically Speaking

What happens if the shareholders revolt and vote against this?

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Comment by Halepenos on Apr 01, 2019 11:22am

It's the best option for current shareholders...to try to sell all the assets and liquidate the company. The proposed transaction is good for the management...as they will continue to receive paychecks

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Comment by honeystivbators on Apr 01, 2019 11:32am

This post has been removed in accordance with Community Policy

Comment by Halepenos on Apr 01, 2019 12:02pm

Then why they say that shareholder will vote? Extract frm the press release: "The Company intends to hold separate meetings (the “Meetings”) of its Senior Unsecured Noteholders, Convertible Debentureholders and Existing Shareholders in respect of the CBCA Plan and certain related matters in May 2019, subject to approval and direction from the Ontario Superior Court of Justice (Commercial ...more

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