Palliser Oil & Gas Corp. PSLRF

Deal Gets Done

[indoubtgetout]

I don't see why all the concern. Maha gets a bunch of noticeably undervalued assets and still has a pile of cash to grow even after paying down debt. They get to roll in production and have an inventory of growth prospects. Maha gets to go public at a "net benefit" and not a cost. They get technology too! Fixed assets more than cover debt and given IFRS, this is fair market value accounting. So the deal gets done....just don't know the split between bond and equity yet. However, fear will bring out sellers and those in the know will be there to buy, which they have been.