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Bullboard - Stock Discussion Forum Stream Oil & Gas Ltd SOGAF

GREY:SOGAF - Post Discussion

Stream Oil & Gas Ltd > Deal not looking so good
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Post by frankythetank on Oct 02, 2014 12:34pm

Deal not looking so good

THis  equity deal is turning to be a negative for shareholder value.  Shareholders are getting 10% of the NAV on a declining TAT stock price.  IF there price keeps falling then shareholders should reject the offer and ask for at least a set price of 57 cents.  Management you've screwed everything up so far don't screw the take over too.

Tank
Comment by ncpk on Oct 08, 2014 11:50am
The SKO bagholders will be screwed if this deal does go through. I would reject this takeover deal at all cost and hope for a new higher offer by another firms.
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