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Painted Pony Pete Ltd PDPYF

"Painted Pony Energy Ltd Petroleum explores, develops, and produces petroleum and natural gas. The company focuses on the development of natural gas and natural gas liquids. The company's operations take place near the Montney formation in Northeast British Columbia. The Montney location is a sweet natural gas-saturated zone (natural gas that does not contain hydrogen sulfide or significant quantities of carbon dioxide) with no associated or underlying water. The company also has multiple gas pr


OTCPK:PDPYF - Post by User

Comment by Oldnaggeron Aug 15, 2020 9:45pm
111 Views
Post# 31413685

RE:RE:RE:RE:RE:RE:I hear your pain!

RE:RE:RE:RE:RE:RE:I hear your pain!My understanding is that under security law that no entity is allowed to purchase more than 10 % of a companies stock nor a control block without making a public offering. I am certainly not an expert in these matters but I do believe that it would be illegal for CNRL to acquire additional shares at this point. It does seem that a large number of shares are being acquired by various entities. (Probably hedge funds arbs or other trading firms ) Their goal normally is to block The transaction and force a better offer. Thus I believe a No Vote is inevitable. Unfortunately these trading firms are only interested in getting a second offer then running. My goal is to convince those retail holders who may be left to hold on through thick and thin I am sure that if we can get the message out we could win. But like all of you I am gambling. With nat gas prices rising , the large majority of retail shareholders and the absolute absurdity of the offer made to CNRL I believe we might just have a good chance. At worst a second offer could be substantially better than the first because the monetary cost of an offer only has to be increased by 10% to give shareholders an additional 50% I am certainly not an expert in these matters but hopefully some honest expert will help us
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