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
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.