GREY:AVNDF - Post by User
Comment by
bigbank91on Mar 02, 2013 12:00pm
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Post# 21067096
RE: RE: RE: time to address the shareholders.
RE: RE: RE: time to address the shareholders. I agree with ER we were sitting at $3 without it $2.60 merge value.
i think they made the decision that with any merger with oil companys we were going to have to be the capital part of the deal meaning either sell elbow river or no deals. i think if they deal failed they either have a plan B and said no turning back now.
i think the ceo didnt want to continue running avf as it was going to be low growth with ER as we would have to start drilling.
I agree that the 25million is based on severance on the pce side as chx was retaining there jobs. pce had a big board and i think ran there packages up as they have been a big company for a while. draining pce of the cash it does have.