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Citation Resources Inc V.CTT



TSXV:CTT - Post by User

Bullboard Posts
Post by orefaceon Jun 01, 2007 7:56am
331 Views
Post# 12875496

Are we Ready for Dinner?

Are we Ready for Dinner?It would appear to me that the table is now set and that perhaps there is still a possibility that there may be other guests show up for dessert.Twenty cents is pretty cheap for the assets in land holdings,albeit the carrot is PennWest assumes all debt.If I am reading between the lines correctly I think there is a possibility that other suitors may look at this deal and offer a bit more.C1 is not permitted to court those,however it appears they still have the ability to entertain unsolicited offers and PennWest the ability to match those better bids should they show up.Might as well wait a little longer to see what transpires - what we do know is that Twenty Cents is the worst case scenario.Comments anyone?
Bullboard Posts