Palliser Oil & Gas Corp. PSLRF

Deal Gets Done

[indoubtgetout]

I don't see why all the concern. Maha gets a bunch of noticeably undervalued assets and still has a pile of cash to grow even after paying down debt. They get to roll in production and have an inventory of growth prospects. Maha gets to go public at a "net benefit" and not a cost. They get technology too! Fixed assets more than cover debt and given IFRS, this is fair market value accounting. So the deal gets done....just don't know the split between bond and equity yet. However, fear will bring out sellers and those in the know will be there to buy, which they have been.

[MRSNOITALL]

Read and then weep!

[Shoulders]

Well perhaps now you see why the concern.  The assets are not that great.  They are not undervalued (if fact it is clear Maha was willing to pay more than they were worth).  Not even going to bother commented on the 'fixed assets' being more than enough to cover the debt.  I'll  let reference to the forbearance agreement in yesterday's announcement be proof

[indoubtgetout]

Ok...delayed, the deal still gets done and I am sticking with that call until the end. Stuck out this far and been wrong so what a few more cents. PXL likely opens sharply lower tomorrow given the delay but: 1) Maha needs to securing debt financing before it closes its equity financing. NBF will work out new debt terms....at this point, it is in their best interest. 2) Maha and PXL are joined at

[Shoulders]

I never understood this sick desire that many retail investors have to loose 100% of their money rather than 80%. This company's equity is worthless.  End of story.  Not bad karma or any other ridiculous thing. The typical retail investor never has a plan on how to get out when you're wrong.  There have been ample opportunities to exit this mess. Now I've seen Jenny