GREY:PSLRF - Post by User
Comment by
roscoe74on Aug 07, 2014 6:18pm
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Post# 22820046
RE:RE:Share holders ripped off again
RE:RE:Share holders ripped off againtesty, 14% of a billion dollar company is worth a lot more than 100% of SFA. The brain trust at Palliser are not saying anything but the credit review of May 2 likely resulted in loan calls if not for this reverse takeover. The PXL types have an opportunity to get in front of this cluster and explain what went wrong rather than hoping it will all go away. Maybe Swedes are dumb enough to buy the "we ran out of money" excuse but I don't think so.
Face it, whether management failures or karma, PXL is broke and unless recapitalised will be sent to the knackers by the lenders. Its best to wait for the info circular and judge it on its merits. The Swedes don't know diddy about Sask heavy oil and from the looks of things, neither do the PXL hangers-on. For this deal to reach its potential, both Euro investors and a team that knows Sask heavy is required.