RE: Halted - something good ?As I mentioned and I don't understand why we are not moving up, we should be getting close to follow JDO's trading pattern (AMEX: JDO).
JED Oil has sold assets (33.5M$ or about) to free the money they needed to acquire CBU. The NR last Friday has reconfirmed the intent to pursue the acquisition. CBU in their Friday's NR have indicated to will negotiate to make it happen and I don't see any objection to the deal.
It still seems people don't make the connection or people doubt this will happe...
If going per JDO's offer, i.e. a 10-1 switch in shares, it means to me CBU's SP value should be in the $0.23 range based on current JDO's trading price...
Unless I am totally wrong, by June 14th, this should be all done deal and officially announced, and from there CBU will surely trade at 10/1 ration with JDO...
I would use some patience, especially with JDO uptrending...the gap is just a great opportunity to accumulate IMO
Anybody who thinks I am wrong somewhere, let me know with sound explanations...
GLTA
MY1