AvenEx Energy Corp AVNDF

RE: RE: RE: Time to change your vote from yes to N

[Kingscourt]

That may be true for CHX, but PCE and AVF are well below their pre-merger valuations. If these valuations are the new norm, you can be sure the initial SGL valuation will be adjusted accordingly. Management still wants the merger to go through, so it is very unlikely they will release a revised valuation that is anything lower than its initial anticipated valuation of $3.32. Pace's recent earnings need to be taken into account and we have yet to hear the latest numbers from AVF and CHX.