GREY:AVNDF - Post by User
Comment by
poneon Dec 20, 2012 12:03pm
202 Views
Post# 20756141
RE: RE: RE: This is the way I see it
RE: RE: RE: This is the way I see it Jacek99, if we sell Elbow River and do NOT sell Avenex, then Avenex has $80M to help buffer losses from oil and gas. Give $40M to shareholders immediately. Then sell off the remaining assets Add that to the other $40M and shut the doors.
What this merger really says is that Avenex's oil and gas assets had little value to anyone. What those companies "bought" was our cash!!! Pathetic.