TEI TODAY CASH FLOW POSITIVEWTI at 25.41$US
4$ net back per boe before interest on the debts. That debt is under I3e now. Interest is not to be paid until the vote on I3e offer.
A fair offer is 0.3 I3 share per TEI share.
Actually it is a low ball offer at 0.0281 I3e share per TEI share (0,004$Can per TEI share).
It is an un fair offer to be rejected.
I3e is willing to increase is offer with WTI price increasing.
I3e initial offer was hihier, before the WTI price crash.
A better offer is comming, We have to reject I3e initial offer.