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Bullboard - Stock Discussion Forum Novus Energy Inc NOVUF

Bullboard (GREY:NOVUF)

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Post by ardvark11on Sep 05, 2013 9:23am

No fair market assessment done on deal

The news release said that the advisors gave a verbal ok to the deal.  This is far from a legal fair market assessment which they are required to do.  Board of Directors ardirectly liable to ...more  
Post by uwinsomeon Sep 05, 2013 9:21am

Don't Sell You Shares

Many times the purchaser or investments that have a vested interest in the deal going ahead will try to aquire shares before the vote. Don't make it easy for them to aquire 33  1/3 of the ...more  
Post by Shlinker_on Sep 05, 2013 8:55am

lol...look at the vultures!

Detailed Quote Bid: 1.070   Ask: 1.070 Bid Size: 1,132,300   Ask Size: ...more  
Post by maramos98on Sep 05, 2013 7:59am

Vote No!!

just over 63 million shares are needed to block this deal/force better offer. 1/3 of ± 189 million shares oustanding.
Post by maramos98on Sep 05, 2013 7:56am

Is Novus Energy's Sale To Yanchang Petroleum The Best Deal For Shareholders Or For Management?

from seeking alpha: https://seekingalpha.com/article/1674652-is-novus-energys-sale-to-yanchang-petroleum-the-best-deal-for-shareholders-or-for-management?source=feed Disclosure: I am long NOVUF.PK.  ...more  
Post by johnb8823on Sep 05, 2013 2:19am

Voting NO

This is too good to be true for the Chin....s.  There is a whole lot more to this deal than we are being told.  Show me a buck 75 and I will not care, until then I do and my vote is No.
Post by luckythoron Sep 05, 2013 1:52am

Insider holdings

Ard, I believe the above hold approximately  27M shares after options and warrants.
Post by Iching64on Sep 05, 2013 1:12am

$1.18 too low for a "value optimization process" as management called it last year.

For the assest that NVS holds, and compared to other takeovers, this is very low takeover price. When all the analysts were singing the same tune of $1.20,  my intuition tells me something ...more  
Post by GLENN#on Sep 05, 2013 12:23am

Another NO !

I believe that the management sold out the shareholders and with the volume today it looks like a lot of people feel the same way.  Much lower volume than I thought it would be. I'm am also ...more  
Post by luckythoron Sep 05, 2013 12:15am

Observation

Both articles in the Wall Street Journal (just under 3100 boe/d) and Bloomberg (3452boe/d) has production for the company NVS at the lower end of the scale. WSJ production report ...more  
Post by ardvark11on Sep 04, 2013 11:41pm

meh

either way,  I won't sell my shares at 1.18 unless forced.  At this point 1.30 was the lowest I would tender for.  It looks as though this is just a way to finance fast growth that ...more  
Post by uwinsomeon Sep 04, 2013 11:41pm

I'm still voting NO

I've been invested in a few companies that worked hard for their shareholders and in time it has paid off for us and management. It's not the typical case though. I guess I expected more of ...more  
Post by zeus55on Sep 04, 2013 11:33pm

uwinsome

Surely you wouldn't expect the insiders of any company to do anything but what is best for themselves? If given the option, what would you do in their shoes? Investors have got to realise that we ...more  
Post by Shlinker_on Sep 04, 2013 11:25pm

voting...

Mark my words my stockhouse friends. Your vote will mean nothing, I assure you there are alot of voting options and shares out there, and they will vote yes, becuase they had the benefit of either ...more  
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