trading at cash value now
What am I missing here ? Is everyone waiting to make sure the deal goes thru (scheduled by the end of Oct) before committing to more share purchases.
At .145 we're trading at cash levels AND no debt (once the transaction closes).
Closing of the Transaction is scheduled to occur by the end of October 2013.
Proceeds from the Transaction will initially be used to repay bank debt. On a pro forma basis at September 13, 2013, before closing adjustments, this would leave the Company with approximately $24 million in cash, assuming current drawn bank debt of $57 million and $1 million in transaction costs.
Read more at https://www.stockhouse.com/News/Press-Releases/2013/09/16/Anderson-Energy-Ltd-Provides-Strategic-Alternatives-Update#B0KKdfoMwguoFFKX.99
They are also still exploring strategic alternatives so the rest of the company could also be sold.
Closing of the Transaction is scheduled to occur by the end of October 2013.
Proceeds from the Transaction will initially be used to repay bank debt. On a pro forma basis at September 13, 2013, before closing adjustments, this would leave the Company with approximately $24 million in cash, assuming current drawn bank debt of $57 million and $1 million in transaction costs.
Read more at https://www.stockhouse.com/News/Press-Releases/2013/09/16/Anderson-Energy-Ltd-Provides-Strategic-Alternatives-Update#Iv2YwGKafXIdfm2z.99
Closing of the Transaction is scheduled to occur by the end of October 2013.
Proceeds from the Transaction will initially be used to repay bank debt. On a pro forma basis at September 13, 2013, before closing adjustments, this would leave the Company with approximately $24 million in cash, assuming current drawn bank debt of $57 million and $1 million in transaction costs.
Read more at https://www.stockhouse.com/News/Press-Releases/2013/09/16/Anderson-Energy-Ltd-Provides-Strategic-Alternatives-Update#B0KKdfoMwguoFFKX.99
Closing of the Transaction is scheduled to occur by the end of October 2013.
Proceeds from the Transaction will initially be used to repay bank debt. On a pro forma basis at September 13, 2013, before closing adjustments, this would leave the Company with approximately $24 million in cash, assuming current drawn bank debt of $57 million and $1 million in transaction costs.
Read more at https://www.stockhouse.com/News/Press-Releases/2013/09/16/Anderson-Energy-Ltd-Provides-Strategic-Alternatives-Update#B0KKdfoMwguoFFKX.99
Closing of the Transaction is scheduled to occur by the end of October 2013.
Proceeds from the Transaction will initially be used to repay bank debt. On a pro forma basis at September 13, 2013, before closing adjustments, this would leave the Company with approximately $24 million in cash, assuming current drawn bank debt of $57 million and $1 million in transaction costs.
Read more at https://www.stockhouse.com/News/Press-Releases/2013/09/16/Anderson-Energy-Ltd-Provides-Strategic-Alternatives-Update#B0KKdfoMwguoFFKX.99