RE:RE:RE:RE:VotingAnd will you please refrain from misquoting me and that's even AFTER you repost me.I meant what I said....again %99 of splits occur if its managements recommendation.Its the management thats in contact with its Banks,majority share holders,Investment advisory companies..etc..to decide what their best options are even before the proposal goes public.They contact us after all avenues have been discussed.
You say you've been in the game long??Not long enough obviously.Im not saying I'm in favour or not..don't get me wrong .What I am saying is retail investors like us don't have as much to say as you seem to think.Again being in the game so long you should know that.
If enough shareholders vote against a companies proposal..that proposal can fail...look at GM recently...but it takes large shareholders to sway the vote...knowing what I do about SPE...I can't see the reversal not going through...unless management has a last minute change of heart.
I suggest a few here do more DD..not only on SPE's business model,but also it's insider ownership,institutional ownership..especially foreign..it goes on and on.Theres obviously far more to all this than what most here understand.If I sound arrogant..too bad.
Uninformed investors have only themselves to fear LOL.especially in these hyper volatile days.
30 years I've been in this market BS..and Its been a long time since I've seen this kind of negative sentiment towards oilcos.
This company is just too new..but they've been doing things right so far.I ,for one am not going to pretend I'm an expert on oilco survival.But I know for a fact that no poster here is either.These are trying times ..and they are unprecedented.