Surge Energy Inc (Alberta) T.SGY

Paul picked $4.17 not me

[soundandfury]

I just would not feel comfortable bidding up share price after being diluted at $4.17........call it what you want short view whatever

[senseimike]

$4.17 was the market value of Surge and $58M was the value of Sky at the time of the deal signing. Both companies are worth more now.

[downtozero]

I think the deal was pegged at a share value of $4.91 per share. $58M - $3M debt = $55M / 11.2M shares = $4.91 per share. Higher dilution and pegging the shares at this lower value will hinder the share price going up for a while, which is probably why SGY is going down while others are all going up today. Over the mid - long term still probably a good deal, I just wish Paul would work harder at

[Basil3575]

No you are incorrect. The deal was pegged at $5.18 And the assumption of the 3 million dollar dept.

[soundandfury]

no you are incorrect......the deal had total consideration of 58 million..........this includes the 3 million debt and also the 10 million asset retirement obligation........so it is pegged at 4.01 per issued share