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Renegade Petroleum Ltd V.RPL



TSXV:RPL - Post by User

Comment by Reflecton Mar 21, 2014 2:52am
114 Views
Post# 22349698

RE:with all due respect

RE:with all due respectRPL mgmt. went against the voters decision & was not an endorcement to do a deal behind closed doors & shut out better offers. With Forefront RPL would have done a reverse split  with new mgmt. which would have reduced the number of outstanding shares in half without having to sell off assets by letting go of the divy. A far superior offer than Spartan's. RPL mgmt. betrayed its shareholders & yes, an investigation is required so that the truth can be revealed. This deal is murky. When the law is broken, there must be accountability. Spartan/Alexander is no friendly byout of Renegade. It is a hostile takeover through deceit, market price fixation & manipulation. Renegade did not seek Spartan/Alexander. TD Securities & the other money lenders took advantage of the situation with money; not assets & an investigation is needed to reveal the truth.
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