GREY:AVNDF - Post by User
Comment by
poneon Feb 15, 2013 2:08pm
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Post# 20996999
RE: RE: RE: Elbow River done deal
RE: RE: RE: Elbow River done deal Rodani I suppose a lot depends on the authority of the Alberta Securities Commission. What are they empowered to do in such cases? If ASC deemed the transfer illegal, are they empowered to do more than administrative fines?
The legal test appears to be that the asset sale would "prevent...it from continuing to operate as a profitable enterprise." Since all of the profits come from Elbow River, it meets that test. It doesn't even seem like a close call.