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Pace Oil & Gas Ltd T.PCE



TSX:PCE - Post by User

Comment by uogradon Jan 31, 2013 12:18pm
219 Views
Post# 20918063

RE: The Vote

RE: The Vote

I voted against the deal the minute I read the info circ and saw that $25,200,000 was being paid out for miscellaneous costs such as severance and director packages.

 

So essentially you have a bunch of guys at Charger that ran their company into the ground and are being rewarded for their inefficiecy with generous packages etc.  All they had to do wait another 6 months and they could have got the company for nothing and paid them nothing.  Good work if you can get it.

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