GREY:ALXDF - Post by User
Comment by
LRGreturns4meon May 23, 2018 3:27pm
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Post# 28071338
RE:PRB financing vs AZX attempted financing
RE:PRB financing vs AZX attempted financingI have no problem with email correspondence and/or telephone calls retuned. Walter Henry has publshed is phone number and does return calls. Six months of manipulation during a proposed offer to buy the company is not unheard of. They told you PRB made an offer at the end of last year and that is was in the .12 range which by the way would have been 100% premium to the Dec. '17 VWAP. Not enough other info on the deal, but we know about how much and when it happened.
EO did not like that deal and went rogue trying to generate of 50% dilution which was a horrible idea. THAT is why were are stuck here today. After July, we will see if there is interest in buying the company, if there is not, expect a mass exodus of the Sprott PW and ES shares and a crash in the SP.
This is a crappy spot to be in. (jmvho)
LRG