Complain to TSXI just sent my complaint to disclosure@tsxventure.com. Do it too!!
here is what I sent:
Good day,
As a stockholder in the above mentioned company, I am somewhat disguntled as to
the length of the trading halt that was set regarding the reverse takeover offer
by Pieridae Energy last May 15th. I am more than convinced that I am not the
only one. I have no issues as to Pieridae purchasing the company. To a certain
extent, I welcome it. However, it is how all this is going down that I am not
happy of.
I understand that in these kind of instances, a halt may be required to set the
record straight but why 3-4 weeks?? Pierdae, in their quest to create a
integrated LNG company needed the primary resource in order to do this, Natural
Gas. As Petrolia has land that demonstrates potential in that area, it is
logical that Pieridae would manifest interest. But why would they spend any sum
of money, let alone 40 million dollars for a critical piece to their puzzle if
they would be a touch unsure of what was out there. The results of the findings
in one of the biggest projects of Petrolia must be known to them to demonstrate
intent in purchasing the company and my assumption is that this information is
withheld from the present shareholders in favor of the purchaser. Revealing
this and resuming the halt would assuredly drive the stock value well over what
is promised by the intended purchaser which makes this deal unfair to the
present shareholders because it prevents them from getting what should be fair
open market value which is what the stockmarket is all about.
I ask in my name, and in the name of the other disgruntled stockholders of
Petrolia that view this unfair halt as a means to pick up a company at a bargain
basement price, to remove the halt and have Petrolia release the results of the
Bourque project findings BEFORE Pieridae has the chance to buy all shares at an
advantaged fixed price. This way, fair open market value will be attained.
Best regards
Petrolia shareholder