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Painted Pony Pete Ltd PDPYF

Energy
"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

Painted Pony Pete Ltd > Idiot banks
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Comment by northernbearon Oct 11, 2020 7:29pm
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Post# 31703193

RE:Idiot banks

RE:Idiot banks

I don't disagree with the spirit of what you're saying, oldnagger. But the fact of the matter is they are legally obligated to pay out the existing shareholders for the amount agreed to.

True, a regular transaction would take three days to settle. But I'm not surprised if it takes an extra couple when it is the wind down of an entire company. I've been through a couple of these merger/takeover transactions before. And it may take a couple of extra days, but it always happens.

Otherwise, people go to jail. (Not that it's not deserved, in this case). 

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