New to board but have been reading... Worried
Back in 2016 when the dissenting shareholders were dealt with and the company sold its remaining Argentine subsidiary I really thought this company could make it. But NOTHING ever happens and how I long now to have been included in that dissenting group of shareholders! Can anyone offer a reasonable glimmer of hope on this stock or have the fates been sealed and she is to be bled dry by greedy people?
Under the terms of the settlement, the Dissenting Shareholders will receive $0.295 in cash and 0.22 common shares of Americas Petrogas (the "Settlement Shares") for each Dissented Share held. The cash consideration for the Dissented Shares will be paid out of the Company's existing working capital of $66.3 million ($0.286 per common share) as of September 30, 2015. The Settlement Shares are being issued at a deemed price of $0.25 per share.