GREY:ROAOF - Post by User
Comment by
manfrommarson Dec 20, 2008 8:17am
409 Views
Post# 15659271
RE: Question
RE: QuestionThat was before my time. I'm a newbie.
The 50% off sale caught my eye on Thursday. I don't know when the Cannacord offer was turned down.
In hindsight it probably was a better.
Maybe at the time OIL thought 35% of a 600 million market cap was to much.
Now that a barrel of oil has cratered and world credit has tightened to a point that's it's almost non existent. When you are in nothing but a life jacket bobbing in the North Atlantic, 25% of 180 million market cap doesn't look so bad now.
When your house is on fire and a fire truck shows up, your not in a position to be dickering how much it will cost.