Anatolia Energy Corp BEEHF

RE: market cap

[hockeylad33]

This deal was and is a complete joke.  $70M implied valuation???  Nonesense.  Add to that the fact that PMD just discovered oil on the block that BVR withdrew from (Arrendajo) and you have a real incompetant bunch of management, IMHO of course. 

 

Yes Turkey has great fiscal terms, but why ink a deal like this when everything was in favour of BVR prior to it?  They had the cash, they had no hurry to do a deal, they were valued below cash value .... Anatolia needed cash, could not fund their obligations despite having attempted to for quite some time.  And why this moronic implied valuation?  It is beyond me.