Painted Pony Pete Ltd PDPYF

Investor Help

[astockhmm123456]

A Yes Vote or a No Vote is now irrelevant.
You have a case whether the vote is Yes or No. Being forced to do something after you were told something else is wrong. Once you inform the investing public repeatedly via multiple investor presentations that your product that you have on sale has a certain net asset value then you are making a value statement. If you then give assurances of financial stability for the purpose of getting others to buy your product for the purpose of that implied product value then you should be obligated at minimum to pay what you have indirectly promised. If someone says I have a product A for sale and at worse the product that I am putting up for sale under a range of various scenarios will be worth $4.00 to $14.00 per unit then you should be obligated to at least provide that price per unit. Otherwise, you with the help of your participating associates should at least be responsible for paying the advertised net product price value of your product. False advertisement is wrong and there will be a time when all investors get their fair price for this product with a much higher advertised net value. Sometimes a judge needs to make a decision on whether something is right or wrong. I am just waiting for the vote to be completed. Either way I will be asking one day for what was advertised for my shares whether someone forced me to give them up or not.

[Maxmoe]

Read the rules about filing for dissent. It's outlined/buried in the info circ you received or you can find on sedar. The cnq offer has an out if 5% of shareholders dissent. You must file well BEFORE the vote to have a valid dissenting claim. It is a very expensive, lawyer intensive process but in essence a judge will rule whether the 69 cents is a fair offer or if not what that fair value

[roscoe74]

Filing for dissent does not make sense for small shareholdings on a financial basis.  Neither does attaching a moral determination to a legal outcome when the law is created by an immoral government catering to big business at the expense of the populace. The game is rigged and technology is allowing the big players an even bigger advantage.

[Maxmoe]

Well, ignoring the political comments, I agree that dissent doesn't make sense for all but the most obstinate shareholders.  The other fact we all want to ignore is if the assets, net of debt, are really 'worth' multiples of this offer, there would be another offer.  Clearly the opportunists and wolves have concluded it's not worth their while. So yes, I'm a no vote

[roscoe74]

The lack of other offers or should I say lack of any other offer is not related to asset value but to the sheer number of distressed assets about to become available and the lack of buying power available. The few entities that have the wherewithall to buy can afford to be selective.Why bid up Pony when a better deal will come along next week with less buyers and increasingly desperate sellers

[JohnFriesen]

This post has been removed in accordance with Community Policy

[Oldnagger]

My source of info  on US supply and demand is Celsiusenergy.net which shows a rising level of lng exports plus Mexican exports. European surplus inventories versus the five year average have been falling at an average rate of 3 bcf per day for the summer. Forward prices for both Japan and Europe  are much stronger than nymex or Aeco forward prices. US production is continually falling