OTCPK:OEXFF - Post by User
Comment by
Bookendson Oct 08, 2018 1:06pm
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Post# 28762361
RE:RE:RE:Who all are still holding?
RE:RE:RE:Who all are still holding? I doubt it will drop any lower than 84c... The 84.5c value is pretty much sure here... The timing is another story...
If it dropped to even 83c, that would be a great gift... I'm one of those who sold to the big Credit Suisse buyer on Friday, so that would be nice.
I guess we will find out tomorrow what the market does.
dangood wrote: Shareholders only have a right to "fair value" which is 84.5 cents in this case Once the tender period is over they can let your shares flounder as your position is obviously illiquid. Ithaca Energy went through this a year or two ago where they took up less than the 90%. They shares tanked before they came up with another extension. This should happen to these shares too. They cannot do a mandatory take up with less than 90% but do not want to pay listing and reporting costs on such a small public listing now. So they want your shares until they hit 90% and then they will take them.All at the same 84.5 cents. You make no more money!