Place you bets.... OK my fellow bag holders. It looks like a deal has been reached with someone. We probably see news shortly announcing the deal. This would e followed by a mailing to shareholders with more specifics and a voting form. And then the Special Meeting announcing the results and plans to execute the components of the deal.
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So, the question is........WHAT'S THE DEAL?? Some possibilities:
1. The entire Company is sold for cash/stock. My odds 5%
2. The Company is sold but only the Manitoba asset is transferred. The remaining assets are bundled into a new company and ATK shareholders receive shares. My odds 20%
3. A merger . New company is formed and ATK shareholders receive shares in the new Company. A consolidation 1-10...1-20? This option would have no value to it since it would just mean less shares at a higher price and IMO........unless it had significant production/reserves added by the new partner and a comprehensive drilling program announced immediately, the new price, 10 cents, 20 cents, whatever it is would be obliterated in a very short time. This is a bad option. But since they have been unable to do a decent deal , and are now backed into a financial corner , my odds.....65%.
4. A realignment made possible by some sort of a financial, capitalization deal where management, assets remain in tact . This could include many possibilities regarding consolidation, debt, . So, who knows? Odds 10%
Im sure there are other possibilities . But enough to chew on .