GREY:WFREF - Post by User
Comment by
BlueCollar51on May 12, 2016 10:41am
133 Views
Post# 24865878
RE:Yes you may wish
RE:Yes you may wish And yet there is no confirmation from Changchun Sinoenergy that the PP closed and no update re the revised Outside Date and the Foreign Investment Review extension….
Although in my opinion the odds are in favour of the deal closing it is far from guaranteed.
The reality is that Sinoenergy can walk for a number of reasons. The worst case for them is that they “could” be liable for the $20m penalty.
IT’S NOT A DONE DEAL UNTIL THE MONEY CHANGES HANDS!
The Long Run IR dept. will continue to say that they “expect” the deal to close by May 31 until the moment that they say something else.
As Always; Do Your Own Due Diligence; It’s Your Money !!