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Run of River Power Inc V.ROR



TSXV:ROR - Post by User

Comment by pennylane101on May 09, 2014 2:10pm
112 Views
Post# 22545019

RE:RE:formal offer made

RE:RE:formal offer madeI'm not sure if I misinterpreted this but... there is mention that in addition to the offer of $500, 000 plus $1,250,000 (after liabilities are paid) that whatever cash is on the balance sheet of ROR will be distributed to shareholders??  When I looked at the F/S there is close to 2 million cash on the B/S.  Is this what they mean????! 

Honestly, what kind of ridiculous offer is this?  Shareholders don't even know what they're getting.  This is an absolute JOKE!!! 

If this doesn't go through (I don't think it will) and the company goes belly up --- will we at least get fair market value?
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