OTCPK:PDPYF - Post by User
Comment by
Oldnaggeron Aug 15, 2020 9:45pm
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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