RE:RE:RE:Sell it...Black Spruce Merchant Capital Corp., has provided the board of directors of
Petroamerica with a verbal opinion that the consideration to be received by
Petroamerica shareholders pursuant to the Acquisition is fair, from a financial point of
view. Officers, directors and shareholders that collectively hold approximately 10.13%
of the issued and outstanding Petroamerica shares have entered into voting support
agreements and have agreed to vote their 11,032,858 securities in favour of the
Acquisition.
I THINK THIS DEAL IS DONE.
IF THE TOP INSTITUTIONAL SHAREHOLDERS SUPPORT THE MANAGEMENT,
THIS IS GOING THROUGH.THE SMALL RETAILERS DON'T HAVE ENOUGH TO
SHARES TO REJECT THIS DEAL .
NO WONDER, MANAGEMENT HAVE NOT BOUGHT ANY SHARES FOR THE PAST YEAR.