GREY:RNSFF - Post by User
Post by
Hiddensecretson Apr 19, 2021 9:08am
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Post# 33020918
You will get RECO shares and still be part of the journey
You will get RECO shares and still be part of the journeyI do not understand why some shareholders are making a fuss.
Nothing changes in ROE as you get Reco shares in exchange. If you want a higher price then you get less shares.
The value was established at $ 155 million by both parties.
ROE knows that it is better to be united with RECO to get a much better deal from major oil companies than to have oil stolen from them.
RECO is offering ROE the opportunity to share in the journey for the long term. A major oil company would pay you cash and get you out of the picture. Even if they paid more, ROE would have lost their right to share in the billions of $$$ in profits in the future. Having shares in RECO ensures this right.
And you have to encourage RECO to make you part of this journey.
Win win for all parties, except for big oil that has to pay big $$$$
mpo