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Bullboard - Stock Discussion Forum AvenEx Energy Corp AVNDF

Bullboard (GREY:AVNDF)

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Post by dave77on Feb 14, 2013 9:45am

re re 25.2

That's one of the problems with the plan Kherson...  we're diluting our value by taking on too much debt.
Comment by Khersonon Feb 14, 2013 8:05am

RE: 25.2 M

 Actually Dave77, the transaction costs are being flipped into long term debt... Kherson
Post by dave77on Feb 13, 2013 11:24pm

25.2 M

$ 25 200 000 divided by 55 M Avenex shares outstanding ( we're the ones with the cash ) = $0.46/ share transaction costs !
Comment by Khersonon Feb 13, 2013 9:31pm

RE: Time is getting closer and closer........

Sadly ggrellette, I don't think management can come up with a better deal for anyone. If you can, get your hands on the latest edition of "Oil and Gas Inquirer". Robert Cooper of Haywood ...more  
Comment by Kingscourton Feb 13, 2013 5:42pm

RE: RE: RE: RE: RE: Merger may be only option.

Pwalk, your info is much appreciated. I will maintain my reservations about the financials of this merger, however, your confidence and knowledge of this new management is comforting. I am led to ...more  
Comment by Khersonon Feb 13, 2013 4:25pm

RE: RE: RE: RE: What happens

 Folks, I have given this merger idea alot of thought. I have been on the fence, fell off a few times on both sides of it, but today I made my decision and voted. Joe, I am with ya on this one,as ...more  
Comment by pwalk140on Feb 13, 2013 3:19pm

RE: RE: What happens

And then you're still left with the same management team that everyone has been bashing on here.
Comment by Khersonon Feb 13, 2013 3:01pm

RE: RE: RE: RE: RE: Merger may be only option.

Interesting: https://www.fiveforhowling.com/2013/2/4/3946874/could-bill-gallacher-save-the-phoenix-coyotes Kherson
Comment by pwalk140on Feb 13, 2013 1:28pm

RE: RE: RE: RE: Merger may be only option.

There's always concern about not raising your expected captial, but with Charger the investment was with the management team. Their hope was for 140M, but that doesn't mean they didn't ...more  
Comment by pennydredfulon Feb 13, 2013 1:05pm

RE: RE: RE: Merger may be only option.

Charger   tried  shortly  before  this  deal  to  raise   10M   at  about  .30    but   this  was ...more  
Comment by Kingscourton Feb 13, 2013 12:52pm

RE: RE: RE: Merger may be only option.

Thanks very much for the info. Are you concerned that they didn't anticipate receiving less than half the funding they were hoping for? And if so, what are your concerns moving forward?
Comment by pwalk140on Feb 13, 2013 12:03pm

RE: RE: Merger may be only option.

As with Charger, Tom and company did not come in until the deal in February 2012, closing March 2012. Due to the gas price and markets at the time they were hoping to raise $140+M but were only able ...more  
Comment by pwalk140on Feb 13, 2013 11:59am

RE: RE: Merger may be only option.

The history on Provident: It was a upstream trust company that later acquired midstream assets and management, a hybrid if you will. With this formula there would be a constant supply of cash ...more  
Comment by Kingscourton Feb 13, 2013 11:45am

RE: Merger may be only option.

pwalk, would you mind elaborating? I have been reading up on Buchanan's work at Provedent and see that he stepped down in 2010 before the stock could regain its 2005 levels. I was speaking more ...more  
Comment by pennydredfulon Feb 13, 2013 11:38am

RE: What happens

Depending  on  how  much   is   gas  versus   oil  , operated  versus  non  operated    this  might   ...more  
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