Sale Process Scenario 1)
I believe an offer of .09 will peek its head
Scenario 2)
Fully subscribed private placement at higher price then market by Legacy .08/share to raise a total of 10 million dollars with a full warrant at .10 cents.
Just a couple of guesses and please do your own due dilegence. I think the current share price is indicative of a depressed junior oil and gas market and obviously there is no correlation to value. Value is defined as the share price of Nexen after being acquired CNOC.
Cheers
SASKY