RE: RE: SwissTime Well SWISS, let's just hope that the clowns would make the best decision.
Maybe you should dig a little in the history of LFD and other Forbes Oil companies. LFD emerged from a 10 to 1 share consolidation few years ago after the clowns ran it down and passed the old LFD assets to another Forbe Energy company called Stetson Oil and Gas tha has been ran down to 2 cents and they recently announced another share consolidation for SSN (https://www.google.ca/finance?q=CVE%3ASSN&hl=en#). With the financial stress VST is having, I expect to see VAST consolidating as well in order to raise the necessaey funds they need for Qara.
For 5 years, the clowns have not being able to drill Chia and they have failed to communicate or provide guidance on how they intend to raise the money required. GENEL's intervention is what brough life back to it and attracted me back to the stock. Therefore, we must all hope that the clowns make the right decision. For me, I am ok with merger with GENEL at the right share exchange.
If GENEL pulls out, the share price would tank back to where it was and the company would find it very hard to raise sufficient money to pay for drilling and completion costs and you risk pushing the company into fire sale of asset just as VST did when they offloaded 12.5% of Qara to NIKO at less than $10 million & you also risk pushing the company into receivership if it cannot pay its bill.
To avoid all these risk, the clowns must make the right decision for the interest of the project moving forward and also the shareholders.
I am sure we both want to maximize returns but I try as much as possible to be realistic.