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Bullboard - Stock Discussion Forum Painted Pony Pete Ltd PDPYF

"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... see more

OTCPK:PDPYF - Post Discussion

Painted Pony Pete Ltd > Clueless in San Francisco
View:
Post by Oldnagger on Sep 24, 2020 6:30am

Clueless in San Francisco

I 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
Comment by cyegger on Sep 24, 2020 10:06am
***************************** Firstly, I've had an account for years but it has also been years since I've posted. I held Pony long before the rakeover was announced, but doubled down at $0.68 to get my ACB down. I'm still looking at a modest loss at the takeover price. My rationale for buying was that $0.69 was an initial price that would be bumped up to entice those who bought after ...more  
Comment by Oldnagger on Sep 24, 2020 10:19am
Thanks for your no vote , you have encouraged me as I was afraid that the late joiners would vote yes if they didn't get a better offer. I believe the offered price would need to double to get the same longer term value as the other junior gas companies. I am in this one for the long haul.
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