Longview Oil Corp LGVWF

You have to think odds are a deal gets done

[MustangMatt]

As pointed out earlier, essentialy nearly half of Longview was sold at $4.45 when the secondary offer closed.  Surge bought 9.3 million of the 21.15 million secondary.  That means there are +- 11.85 million shares that were taken up by other houses.  In addition there were +- 3.5 million shares traded publicly under the $4.45 offering price before it became public that  an offfer for all of the outstanding shares in Longview.  That means there are over 15.35 million share that have been purchased in Longview for $4.45 or less, of a total outstanding float of roughly 48 million.  I firmly believe that the owners of those shares could easily be convinced to tender to a bid ranging bettween $5.50 and $6.50. 

Other shareholders of Longview not indicated above would likely also be amiable to an offer above $6.  I believe Mr. Alsaadi for example has stated publicly on this forum that he would likely tender his 3.4% to an offer between $6 and $6.50 how many others would also tender to this bid?

Another tragic reality is that Longview has no current leader. The untimely rescent passing of Longviews CEO has left Longview with out Leadership in the corner office. 

Finally, and the list could go on I believe that Surge and there management is of a very high quality.  I believe those Longview shareholders would Find Paul C. and Surge a good steward of longviews assets.  Longview share holders would still be able to participate in the Longviews current assets through a business combination with Surge.  Logically, in my mind the deal should get done, the only real question is at what price?  Surge should bring an offer directly to share holders of Longview cheers Matthew