EW & Seaway Energy Services: Similar Strategies? For those that don’t know, David Sidoo is also CEO of Advantage Lithium and Seaway Energy Services. East West owns stock in both of these other companies.
As near as I can tell, Seaway doesn’t have a web presence anyore. TMX Money is the only place I found a website address but the domain is currently available. So, the lack of corporate information could be a lot worse for us at EW.
It appears maybe David has lost interest in the beaten down O&G business and has turned his attention to more trendy, higher potential niches like cannabis and blockchain. I imagine there isn’t a O&G CEO in Canada that doesn’t want to tell the whinny a$s environmentalists & Trudeau to go pound sand. Maybe David pulled a page from Atlas Shrugged and is walking away. Heck, if that’s what’s going on, I would probably invest with him for his attitude alone.
I think that how one interprets Sidoo’s motivations with what little concrete information is available comes down to one’s predisposition regarding EW. There are a lot of shareholders that have been through the wringer over the last number of years and I get that. I really hope you guys are wrong for all our sakes. For me, I have now taken a very firm stand in my leather armchair because this game is too close for me to call. But boy is it fun to watch. I have never been so preoccupied with a little $8mm dollar company before. I can’t wait to see Sidoo’s pot proposal & learn more about NIS’s surveys and drilling reports.
Lastest presser from Seaway Energy posted on Sedar:
May 31, 2018 TSX-V: SEW
SEAWAY ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE X2 GAMES AND RETAINS HAYWOOD SECURITIES TO COMPLETE PRIVATE PLACEMENT
Vancouver, British Columbia - Seaway Energy Services Inc. (“Seaway” or the “Company”) (TSX-V: SEW) – Further to its press release of January 22, 2018, Mr. Dylan Sidoo, Director, is pleased to announce that the Company has entered into a share exchange agreement dated April 13, 2018 (the “Definitive Agreement”) with X2 Blockchain Games Corp. (“X2 Games”), pursuant to which the Company will acquire all of the issued and outstanding shares of X2 Games in exchange for common shares of Seaway (“Seaway Shares”), on a one-for-one basis (the “Transaction”). The Company will now issue 81,915,074 Seaway Shares to complete the Transaction.