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PhosCan Chemical Corp PCCLF

Energy Oil & Gas E&P


GREY:PCCLF - Post by User

PhosCan Chemical Corp > fos/petrus
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Comment by matisse2003on Dec 17, 2015 10:12am
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Post# 24391469

RE:fos/petrus

RE:fos/petrusYes, we can assume that White knows oil and gas as well as power.  He is the former CEO of Veresen.  It sure looks like he missed the mark badly on this one.  The impled price of the transaction is about $6 not the $7.40 he negotiated!!!!

FOS shareholders waited a long time to put this money to work.  Given where the FOS stock is trading it looks like we were sold out.  I realize that White probably could not have known for sure where the market would value the deal but it sure looks like a NO VOTE to me.
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