OTCPK:PDPYF - Post by User
Comment by
roscoe74on Sep 17, 2020 10:59pm
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Post# 31579366
RE:RE:RE:RE:RE:RE:Up against the wall
RE:RE:RE:RE:RE:RE:Up against the wall I, along with the rest of the minority shareholders, have been gulled by Pony's public optimism in the face of a reality counter to said optimism. We focus on solid metrics that do not reveal the reality
of a liquidity squeeze not based on metrics but on political bias and Covid uncertainty.
What reasoning, oldnagger, can you present to us to explain the abrupt U-turn by Pony from enhancing shareholder value to desperate emergency selling of the company other than a 'request' by the banking syndicate to delever?
I have always been a supporter of PW, even after the UGR merger and the AltaGas deal. In my opinion, this Strategic Alternative process was kept confidential, not to mislead shareholders but to forestall a price collapse that CNQ could exploit. I think the insiders did what they had to do before the lenders did it to them.
Prices are rising....tomorrow, next month, next year, fine. Much the same as 'Free Beer, Tomorrow"
Its too little, too late, without liquidity..