Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Twin Butte Energy Ltd TBTEF

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Bullboard Posts
Comment by HCI_STEELon Jun 27, 2016 11:43am
71 Views
Post# 25001289

RE:A clever strategy... unveiled.

RE:A clever strategy... unveiled.
menoalittle wrote:
In five easy steps: 1)Offer a ridiculously low price for the debs of only 14 cents on the dollar. 2)Discreetly buy up (through multiple accounts, none of which will aggregate over 9.9% of the outstanding) as many debs as possible for under 25 (or maybe 30) cents on the dollar over the next month. 3) Contact and make a deal with several major deb holders to accept and vote yes to a last minute revised buy out price of 25 (or maybe 30) cents on the dollar for the debs. 4) Make a last minute revision to the debenture buy out price of 25 (or maybe 30) cents. 5) Get a yes vote, and cash out the debentures for less than half the price than what it might otherwise would have cost them.

Sorry, but what you suggest is still against securities laws to exceed 10% and not make it public, and to try and do it as you suggest by using multiple accounts would make it even clearer during a prosecution, that you knew what the rules were but intentionally didn't comply.
Bullboard Posts