GREY:AVNDF - Post by User
Comment by
trismigistuson Mar 25, 2013 3:22pm
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Post# 21164805
RE: Will they be paid AGAIN?
RE: Will they be paid AGAIN? The savvy investor and anyone having read all my DD and was able to benefit from the information I managed to dig up will be long gone with a very nice profit before any of what your talking about could ever come to pass. A year from now everyone in this forum should be gone and the bag holders we all sell our shares to will be having the conversations here instead of us.
Your problem Penny seems to be your failure to recognize that there are not enough ethically alligned retail investors like yourself and others in this forum (including myself) to be able to overcome this Corporate Raid that was well planned and is being executed. These guys are Pro's Penny. They have had their allies in the private sector buying up shares to insure the vote for a long time now. I am not even Canadian and I know who Bruce Mitchell is.
I am the first to admit that AVF shareholders got a raw deal and have been sold up the elbow river.
I think what has been done is criminal. If not legally then certainly ethically. I say that because I am of the opinion that this merger was conceived of over a year ago and the BOD's of all three companies have been secretly acting against the best interests of shareholders all along by conspiring in collusion with private intererests (Bruce Mittchell and Co) who have been surrepticiously buying up stock to insure passage of the merger.
The BOD of AvenEx should be tarred and featherd and run out of town on one of Elbow Rivers rails.
If the merger passes as I strongly believe it will be I anticipate that within a year Tom Buchanan will run the SpyGlass operation into the ground ON PUPOSE just as he did with Charger after the last merger in order to destroy shareholder equity so that shares can then be bought up on the cheap and they can repeat the merger process again.
Again my friend your dealing with sharks. Corporate raiders who fully intend to rip you off and they know how to do it and get away with it legally.
Your best chance at getting your moeny back is to sell after the merger when the PPS goes up as people buy in to get the dividend. Sell before Buchanan runs it into the ground and suspends the dividend causing the PPS to plummet.
Mitchell started buying up PACE shares over a year ago that I know of which is why I assert this merger has been in the planning for over a year.
Rest assured Mitchell's shares will definately be voting "YES".
It seems Tom Buchanan and Mitchell have a history together.
Go back to a little over a year ago when Charger merged with three other companies.
The jusiest company with the most desirable assetts by far in that merger was Seaview Oil.
Mitchell had accumalated a massive block of Seaview shares in the runup to that merger guaranteeing Seaview voted for the merger. Now Mitchell suddenly has a large block in Pace Oil and Charger's Tom Buchanan just so happens to have been serving on the BOD of Pace while simultaniously acting as Presedent and CEO of Charger.
It does not take much imagination, nor do you have to be Sherlock Holmes to conclude what is afoot.