RE:RE:RE:RE:RE:Hard to invest in GXO Hey Dab,
You are right about some of the Directors getting some ARC stock.
All of the members of the Board and officers of Boulder and a large shareholder, who collectively own approximately 24.8% of the outstanding Boulder Shares, have entered into voting support agreements pursuant to which they have agreed to vote their Boulder Shares in favour of the Transaction, subject to the provisions thereof, at the Special Meeting.
Certain members of senior management of Boulder have agreed to roll-over a portion or all of their Boulder Shares into equity in ARC AcquisitionCo (the "Management Participants"). The number of Boulder Shares expected to roll-over is less than 2% of the Boulder Shares outstanding. No change in control or severance payments are being offered or paid to the Management Participants, with existing employment contracts being rolled forward unchanged.
https://www.boulderenergy.ca/Investors/News/print.php?xml=2034353
However, it was quite a small percentage of the management that did so. Only about 8% of their stock.
I do not belive the banks were shareholders of BXO. Equity based lending only means they were loaned money based off the value of their equity, not that they owned shares.
As for being pressured by the banks, look up BXO's last yearly financial report on sedar. On page 32, item (c) it talks about some of the pressure BXO is having with financing and the tightening of credit. I think it helps illuminate why the company was sold.
I have never looked through information on sedar before, it makes me want to look up some stuff about boulder but there is just so much info in there.
Good luck to oil and to us all