Painted Pony Pete Ltd PDPYF

RE:RE:RE:Voted Big fat NO

[roscoe74]

There is no issue with the information that has been disclosed. The issue is with the information withheld and not disclosed.

I doubt very much that the banksters will do anything to jeopardize their interests and will await a better deal that may involve a share swap although shareholders take a certain risk in turning the CNQ deal down.

While any guidance may be considered speculation, that speculation, based upon relevant proprietary data could give a much improved basis for voting. The fact that management prefers to push their agenda rather than a comprehensive presentation of the options does them no honour.

Next year, the banksters may be mollified, Pony land may well be worth $1.15 billion again, excess processing and transport capacity leased out, ng pricing profitable etc but we are not given any idea  on the viability of the company.

I personally consider a 'scorched earth' policy a worthwhile option to consider to salvage value but management has show no inclination to undertake any sacrifice of their own entitlements.

All in all, my analysis of the present situation leads me to determine that the threshold for support of this offer has not been met and that any benefits involving share deals or waiting it out for better days have purposedly been ignored in order to push this crappy deal.

I intend to vote NO and urge other shareholders to do likewise. The risks of a NO vote succeeding are quite minimal compared to an increased valuation in future. This offer is a hastily cobbled effort by entitled minions to stampede the shareholders into giving the company away on the cusp of better days.

VOTE NO