Second Wave Petroleum Inc SCSZF

RE: RE: RE: RE: poor dumb zenda

[lowe0]

Really don't see a new bid coming because for a new bid to get approved requires shareholder approval and BAM has majority of shares. This is the only way for them to get back all of their investment. CPG is not likely to bid it up because you have to believe they have been in conversation with BAM already about what this might look like down the road.

Thought this executive and BOD would have been smarter than this given they went though a very similar experience with BER a few years ago where they got sold down and had to give the company away to an American bidder fro pennies on the dollar of actual value because they could not afford to raise money at the low share value.

Better keep the SCS executives away from high bridges!!