Waterous is sitting on a time bomb, and what happens if the judge says based on the evaluation Waterous suggest, POU you can just take the lands back?
https://paramount.mediaroom.com/2018-06-14-Paramount-Resources-Ltd-to-Sell-Non-Core-Oil-and-Gas-Properties-in-Resthaven-Jayar-for-340-Million Besides that how do you marry twice failed oil sands assest with assets that are light condensate and gas, the board is out to lunch, and yes POU could end up owning 32 percent of the waterous fund.
The better the market conditions improve, they better our changes to get the full 170 million dollar evaluation.
I like our chances, Jim resigned from the board of Waterous and the courts will settle it in court is my guess unless waterous settles. I think Jim knows the right people, ther right consultants, and just will not let another investment banker get the better of POU. He also knows the right lawyers to get it done.
So sad to bad waterous investors, it will all come out the kind of good goverence you have in place and how the mentality around the management investment decisions are made in putting the company together.
IMHO