RE:RE:RE:RE:Dundee, CIBC & FirstEnergy Capital Analyst Ratings What has been revealed is what I’ve been saying all along; Andrew & co. reneged on the MIE deal illegally. If shareholders vote no they can bring charges against the LRE mgt. team & ultimately the Securities Exchange will have to answer for allowing this to happen.
Had the MIE deal (and it is evident now that the MIE was a done deal & was on the way to completion) went through the proper channels LRE could have been in a position of negotiating at .80 share price with 100mil paid to the debt. Andrew is pushing hard to make sure this deal now goes through because he & the rest of the LRE mgt. team know they are guilty of cancelling the MIE deal without shareholder approval & other improprieties such as negotiating in bad faith on behalf of the investors.
“…Andrew said Sinoenergy found Long Run because of its attempts to sell assets to meet debt reduction targets.
“We put the pieces of the company up for sale, so all the properties in Long Run, and our agent was Macquarie,” he said. “The people from Sinoenergy reached out to Macquarie and wanted to look at the property and they did. Then the request came through Macquarie, ‘Could they look at the whole company?’ We said there’s nothing to prevent that..."
https://calgaryherald.com/business/energy/sinoenergy-investment-revealed-as-chinese-suitor-for-long-run-exploration