RE: Regarding the offer on the company Darn this feels like déjà vu ( Ithaca, another one of my holdings, with an expression of interest!).
Back up people and hang on to your speculations. I suggest you all go back to the Press release and read it carefully.
A: THERE IS NO OFFER FOR THE COMPANY
B: THERE IS AN EXPRESSION OF INTEREST
C; SAID EXPRESSION OF INTEREST IS NOT AND CANNOT BE BASED ON PRIVILEDGE INFORMATION , SUCH AS HAVING ACCESS TO THE NEW 51-101, IF IT IS COMPLETED
D; IF, THE CORPORATION HAD SAID 51-101 IN ITS HANDS THEY WOULD HAVE TO RELEASE THAT INFORMATION TO US, UNDER THE DISCLOSURE RULES.
E; IF ANY OF THE STATEMENT ABOVE WERE TO BE PROVEN FALSE, NOT ONLY WOULD OUR LEADERSHIP END UP IN SERIOUS LEGAL TURMOIL, BUT FURTHERMORE IF THE COMPANY WAS TO BE SOLD BASED ON SAID, THE COURTS WOULD OVERULE AND THIS WOULD BE THE END OF IT.
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Now get with the program and do some DD will you all...there is only an expression of interest which equates to asking for permission to dig into KNOWN facts, the books and the engineering data to DATE ! Said interest and exploratory exercise may be extended to include the NEW 51-101 when it becomes available, but rest assure that when it is available we will hear of it at the same time as the poeple who want to look under our skirt !
As stated, unsolicited expression of interest, hence no money offered , just asking to peak into the details and the B0D cannot disclose material facts to who ever that we the Owners are not made aware of..ie: Data presented under a NEW 51-101.
Read rules and understand consequences....anything else is pure fantasies and you need to shake your head!
Disclosure:
https://www.tmx.com/en/pdf/PolicyStatementOnTimelyDisclosure.pdf
Merger and Acquisitions ( IF and only IF we get a FIRM OFFER):
https://www.dwpv.com/images/Canadian_Mergers__Acquisitions_Guide_-_English_(4th_edition)_ewlr.pdf
Wanna try to put a price tag on it:
https://www.slideshare.net/hfbe/oil-and-gas-company-valuations-business-valuation-review
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Now come on back to being serious.............or she will walk all over you !