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Bullboard - Stock Discussion Forum AvenEx Energy Corp AVNDF

Bullboard (GREY:AVNDF)

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Comment by downwithdotcom1on Feb 19, 2013 4:18pm

RE: Joe454

not true:   as quoted from an earlier news posting:  Tom Buchanan who is the current CEO of CHARGER is also slated to be chief executive of the resulting Calgary intermediate ...more  
Post by pwalk140on Feb 19, 2013 3:48pm

postponed...due to NHL???

It wouldn't surprise me if the meeting was actually postponed due to your "CEO" Bill Gallacher being tied up in meetings with the NHL trying to get additional support for his purchase of ...more  
Comment by Capharnaumon Feb 19, 2013 1:06pm

RE: RE: Debt

In that 97M, 73M was O&G, the rest was ER (which debt was included in the sale, as $80M is net proceeds of debt). Basically, the sale of ER leaves Avenex without a debt, but still with no $$$ to ...more  
Post by flooringon Feb 19, 2013 12:46pm

Debt

Joe454, pg 42(u) of the arrangement say the debt is 62.2million as of November 30 2012. Were are you finding the 97million number?     ) AvenEx's Net Debt (i) does not exceed $62.2 ...more  
Comment by freedom-1970on Feb 19, 2013 12:26pm

one word...

One word for this board.. CLOWNS!!>
Comment by Kingscourton Feb 19, 2013 12:21pm

RE: Time to call it over....

I couldn't agree more freedom. Sell what's left of this train wreck, send management packing empty handed. Divide up what's left and let us invest our money in a company with a management ...more  
Comment by rad10on Feb 19, 2013 11:53am

RE: RE: RE: The few dollars paid to management

Joe - It's not reasonable given the poor performance of these companies.  I don't begrudge successful businessmen getting wealthy if they deliver shareholder value.  This is not ...more  
Comment by Al42on Feb 19, 2013 11:34am

RE: RE: The few dollars paid to management

Yup...25 Million is 32% of the 80 million they got for Elbow. and now add expenses and all the other cr*p they go through to pay for the merger is probably another 10 - 15 Million. That leaves half or ...more  
Comment by linus4on Feb 19, 2013 11:24am

RE: The few dollars paid to management

Closing and merger costs expected to be over $25 million !! To suggest this is peanuts , you are half right ..Taking good cash out & increasing debt to pay off managent to get lost is -- ...more  
Comment by deismanon Feb 19, 2013 11:23am

RE: The few dollars paid to management

PCE trading down at 2.84 and AVF at 2.29.    Looks like the 1.3 to 1 ratio is slipping in AVF's favor Whats your take on it Joe?    
Comment by pennydredfulon Feb 19, 2013 10:25am

RE: RE: I voted No!!!

well    said  .  A   hyperbolic  statement  to  say  the  least.
Post by linus4on Feb 19, 2013 10:15am

Appears they are short on votes

Looks like they got over 50%(majority) but did not get the 66 2/3 % required for this rotten deal...Management called for the vote , shareholders said 'No' , & now they want more time ...more  
Comment by pennydredfulon Feb 19, 2013 10:15am

RE: RE: RE: meeting postponed...........

The  people   that   travelled  from  Toronto   to  attend  today's  meeting   must   be   happy  --- ...more  
Comment by eusdondon Feb 19, 2013 10:10am

RE: RE: RE: meeting postponed...........

The management of AVF will drag this out till Kingdom come if they think there is any way that they can get that Obscene severance package... My thanks and respect go out to all who voted NO to this ...more  
Post by jjeerryyon Feb 19, 2013 9:44am

I voted YES

and I will repeat a YES vote.  I suspect AVF was headed for a downfall without a merger.
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