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AvenEx Energy Corp AVNDF

Energy Oil & Gas E&P


GREY:AVNDF - Post by User

AvenEx Energy Corp > something management sold for 80mill...
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Comment by poneon Dec 20, 2012 12:06pm
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Post# 20756173

RE: RE: something management sold for 80mill...

RE: RE: something management sold for 80mill...

Kisu, PKI jumped up $44M in market cap the moment the stock started to trade.   So apparently Avenex management didn't understand the value of the asset, and apparently they got taken to the cleaners.  That's the way the market is voting.

 

An acquirer shouldn't be going up in value after it makes a purchase!!   A good sale should always get a premium price for the asset.  That should reflect in the buyer's stock price going down a little bit, and the seller's price going up.   Avenex management got taken, and Avenex shareholders got screwed.

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