AvenEx Energy Corp AVNDF

RE: RE: RE: RE: Elbow River done deal

[rodani]

Pone, if there was anything "illegal" about this sale, the ASC, possibly at the behest of an aggrieved shareholder, could have issued a stop order to prevent the transaction proceeding. Normally, if there are valid grounds to protest against  such corporate action you are required to take all reasonable steps to stop it before it happens which might include causing an extraordinary shareholders meeting to take place or even applying to the court for an injunction. Otherwise you will be accused of sitting on your rights and trying to close the barn door after the horse has bolted.

None of these steps were attempted so far as we are aware so appropriate conclusions should be drawn and the deal regarded as being fait accompli.

As for your comment about the "profitable enterprise" point is concerned, although this has some relevance, I belive at the end of the day management  would have been able to persuasively argue that looking at matters both historically and  into the future, ER has not been and would not be projected to be the only source of profit given the booked oil and gas assets.