Palliser Oil & Gas Corp. PSLRF

RE:Private Placement Buyers of Maha will come into this market

[roscoe74]

Interesting premise but investors need more than this NR. I assume a prospectus will be issued with relevant details.

So far, the market has pretty much ignored this deal but the Euro angle may be compelling from a go-forward pov. My concern is how value will be created and whether shareholders of PXL are being fairly treated. On first glance, it looks like a scheme to save management jobs.

If this management team is to blame for PXL's failure to execute guidance, why are they keeping their jobs? These guys drove PXL into the dirt - why would MaHa keep them on unless they got 
PXL very cheap. Maha got $153mm P+ P NAV for $12.16mm. That is 7.94%, assuming debt.