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LGX Oil + Gas Inc ROAOF

LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.


GREY:ROAOF - Post by User

Bullboard Posts
Post by fdfd55on Dec 13, 2008 12:23pm
768 Views
Post# 15644398

*****Buyout price*****

*****Buyout price*****will be dictated by the stock price.
If the stock price jumps to $4 and stays there, then the buyout price will be, as a general rule 1.5 times the $4 which is $6.

If the stock goes to $6 in time then the buyout price will around $9.


Caution:

If you see the stock price all of a sudden go to $1.50 -$1.60, this means that there is no buyout and the company has decided to issue stock to finance.


Let the stock price tell you what will happen.
Bullboard Posts