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Pace Oil & Gas Ltd T.PCE



TSX:PCE - Post by User

Post by pennydredfulon Feb 26, 2013 6:57pm
356 Views
Post# 21045731

What,s Really Going On Here

What,s Really Going On Here

Today,s  press  release is  a  total  camouflage  to  buy  time  and  secure  more double  counted YES  votes. Tom  Buchanan  and  Mike  S.   proposed  new directors  of  Spyglass  resign  from  Pace  and Charger  respectively -----means  nothing  . Fred  Woods  leaving  earlier  so  his  severance is  secured ---means  nothing  .  Others  have  a  right  to  make  a  bid   within  30  days   .  One  can  be  sure  any  bids  they  would  receive  will  be  real  lowball   as  not   enough  time  to  do  due  diligence  , a  non  arms  length  deal  is  alright  on  the  table  , 30  day  limit  smacks  of  desperation  .  The  record  date  of   January  14th  is  72 days   prior   to   the  new  " proposed"   March  26th  meeting  date.  The company  will  try  and  solicit  those shares  for  a  YES  vote  that  traded  after  January  14th  -----an  ever  increasing number .  These  can  be  voted  at  the  discretion   of  the  Chairman   even  though  they  were  already  previously  voted , meaning  the  same  shares  can be voted  TWICE .  This  practice   can  be  limited  if  the  record  date  of  January  14th  is  moved  forward   similiar  to  the  actual   meeting  date  .  IF  you  agree  this  date  should  be  moved  forward  email  the  Alberta  Securities  Commission  at       complaints@asc.ca                    The  more  complaints   they  get  the  more  likely  they  are  to  act.

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