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CONA RESOURCES LTD T.CONA

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."


TSX:CONA - Post by User

Comment by NotanExpertDoton Apr 23, 2018 2:08pm
113 Views
Post# 27927500

RE:RE:RE:RE:RE: Canadian Regulator

RE:RE:RE:RE:RE: Canadian RegulatorWhat has voting got to do with the liquidity of the shares. The company is going private - If the motion pass - Outstanding 30 something % shareholders will be paid of with CASH (liquid).  If the does not pass - The share price will likely follow the market and go up to around $4.00 where it should be now or the scumbags may just keep the price down to punish the retail investors. 

The court may even not be able to do anything in Canada - as I wonder why there is less class action lawsuits for this kind of situation in Canada as compared to USA. Must have been that there are precedents which make it not worth going after.


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