CGX Energy Inc V.OYL

Have we forgotten JDC is presently restructuring its debt?

[Beaner1814]

Absolutely love the buzz and the speculation as to what is going on with the sudden volume and depressed share price, but have we forgotten that since October 2018 JDC owned 14,752,764 shares of CGX? That in comparison to when it initially entered into a contract with CGX in January 2016 was 16,522,500 shares. And since 30 September 2021 JDC has come to an agreement with close to 100% of its creditors to restructure the company and settle its debts. 

As shares are assests, one can only imagine that the most likely of all shareholders offloading at this time would be the one needing to liquify its assets as creditors don't care whether or not Kawa-1 is a gusher. If anything I would strongly suggest FEC snake those shares back through a private deal.

Personally, I could care less as to what is occurring presently with the share price as there is no news to back it up. The exchange is open every weekday, save for holidays, so shares will be traded.

I applaud those that are averaging down or re-entering at a lower share price as I have faith shareholders will not be disappointed with the outcome.

glta

[Ermosp]

I believe someone did an analysis and noted the sell off would have emptied all of jdc's shares several weeks ago. 

[Beaner1814]

Again that being based on the assumption that JDC was the single largest shareholder exclusively selling. No one can point to the terms of the restructuring agreement or transaction reports by JDC itself. And there is nothing to suggest retail investment sentiment has decreased. If anything it has stagnated on the lack of news. I am not suggesting that that analysis is wrong, but at the same

[jtdd]

If FEC was selling, it would be public knowledge