Hyduke Energy Services Inc. HYKCF

RE: RE: emterprise link

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He  sounds like a guy who  knows his  job is on the line.RR  left because hes  to old and so  is  Gene. They   are being put out to pasture and    hold  their 20   %  share position  knowing that  new blood is needed  to make these 50 cent shares worth something.    Boris was collecting a fat salary and not delivering on Mexico  or Russia  ,  part of  the old guard that needed to be let go.  I suspect we will  see    Lack  and  Yurko  gone   before the next  annual shareholder meeting. 

Lots of empty promises  and   too   many shares , about 6  million traded  at above a  dollar.  If share price does not  climb  to a dollar plus    by June  we  will  see Maccormack   let go  too.   Two scenarios might unfold here.  We  heard alot of "expect this and expect that".   There is one thing    I do  EXPECT  and thats   not  NCIB   but a   private placement like what  Enterprise did.   Hyduke knows  they wont  pass the   slate of directors at the  annual shareholders meeting.  The only way it can  do this  is to  dilute to the tune of another      5 million shares.  I expect these   new Board members  with their      vulture capital connections will  be insistent that they  get a whack of cheap  shares   for  their   time in sitting on the Board.  Hyduke   does not pay a  lot for Board  Members and these guys are only in it for the money.  " Money  "  will  mean a substantial  dilution at about 60  cents share (  the current price).  in  fact  I  am  going to say that the shares   were  railroaded down   30  % the last 3  months for the express purpose of    pulling off a dilution  at cheap levels  so that  the new Board members are "happy    to get their skin in the game for cheap".RR  got his  for  40 cents  so    precedent has been set.

 

The NR  mentioned converting  long term  debt to  working capital? I suspect that was a change in the lease terms  for Hyduke on the property it leases from  Wirsta.     This news isnt out on SEDAR yet  but   I'm sure it will  be in the notes.Gene  and Rick never bought any additional shares the last 4 years so they got no  right to complain.  Boris never did either.

I  think   all of these actions are too little  too  late.  VPO  has been clamoring for   years  now for these types of changes.  I am expecting an  ugly shareholder's meeting in June,  very loud, vocal  and highly divisive.  There was alot of emphasis about team.  Too  bad this  pi$$head   management  "team"    with its arrogant  CEO  never    included long suffering shareholders on the team  or listened to their  gripes.