GREY:WFREF - Post by User
Post by
BlueCollar51on May 21, 2016 2:08pm
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Post# 24895325
You Have To Know When To Hold Them And When To Fold Them
You Have To Know When To Hold Them And When To Fold Them
First my understanding of the Investment Canada Review Process is that it is a 45-day process that can be extended 3 times in 30 day increments. It looks like we are at # 2.
There is no way to know what is actually going on. As I said in my previous post it could simply be that Investment Canada has a lot on their plate, haven’t got to it and extended because they can.
I can only speak for myself but I suspect that most people and Bureaucracies that have a lot to do deal with the big jobs that have an encroaching get done by date and postpone the little jobs until they have the time or an encroaching get done by date.
If you think of this "Proposed Transaction" in Poker terms;
Sinoenergy has put up a $20m ante.
The Investment Canada Delays have allowed them to “Pass / Hold Them” twice and stay in the game.
When the Investment Canada approval is received they will have to decide whether to “Go All In” or “Fold Them” and loose the ante.
As Always; Do Your Own Due Diligence; It’s Your Money !!