GREY:TMPHF - Post by User
Comment by
undervalueon Dec 23, 2016 11:58am
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Post# 25640253
RE:Post Rights Offering
RE:Post Rights OfferingNational bank has the NAV per share at 90 cents post the rights offer.
Sahi has used rights deals to gain control of companies in the past. The Federal Industries spin out of the White Pass gave him control of TWC.
At TWC,there has been a small minority of shareholders that has done well. (not been screwed)
With TPH, he has bought control of a business at the bottom of its trading range, meanwhile, crude oil has had a significant rebound.
Add in a Trump pro oilsand enviroment, this will go down as another strategic gem.
I went long this week at 68 cents.