OTCPK:PDPYF - Post by User
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Oldnaggeron Sep 24, 2020 6:30am
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Post# 31609860
Clueless in San Francisco
Clueless in San FranciscoI got a call recently from someone purporting to be from Painted Pony. Yet I presume (hope) was from Glass Lewis. They asked if I had read the fairness report yet they knew nothing about it themselves (not even who wrote it) . They said the share price offered was a 30% premium to recent trading prices I asked what was the premium to pre-coronavirus prices or to any other time prior.
No answer!!
I asked if they were aware that times had changed and that lower rig counts and less competition from associated gae had changed the outlook. Again no answer
I asked What compensation Glass Lewis would be getting again no answer.
Most tellingly, there was no mention about the banks pulling the plug.
Time is running out, Perhaps we can get some real answers other than this mindless drivel.
If not, either delay the vote or better yet cancel this rakeover