RE:RE:RE:RE:Hr. SuggestionHRc60to65 wrote: Harel1976,
My assumptions are the same for both transactions.
You are using the low of WTI price to put a price for TEI and you are using the top of the WTI price to evaluate the 60M$US transaction.
As previously told, the 60M$US transaction can be completed only when the TEI acquisition is completed.
I3e can not get a loan without any stable revenu TEI will be the source of stable revenu.
No lender will advance 40M$US to I3e to buy oil and gas assets.
Correct.
If memory serves, what i3 did was do a capital raise . It has been a couple months since I reviewed the prior press releases, but if I recall, that capital raise was to be used repay debt.
That never happened. I guess in a way they did repay debt - only it was another company'ss debt.
Someone earlier asked when the meeting date for voting on the proposal will take place is. Guidance has been provided that it is to take place at some point near the end of the third quarter 2020.
What that means is that the vote will take place before the 2Q financials are released - just like i3 signed the option a day or two before the 1Q financials were released. This means that shareholders will be voting blind without fully knowing what the true financial picture is.