Painted Pony Pete Ltd PDPYF

RE:RE:RE:RE:RE:RE:RE:Up against the wall

[Oldnagger]

I simply do not know why this take-over was proposed. I do not know of other instances where credit lines were threatened to be cut in half in the midst of the Covid-19 Crisis. And especially not when there were obvious signs of market improvements every where. Neither PW nor the banks have offered to shed any light on this matter publickly. If they are sharing info through investor relations then it shoul be incumbent upon them to make that information public.
 It is bizarre to say the least that the self same institution that is providing the fairness opinion is the same as the lead bank in the lending syndicate. In my time they used the word Chinese Wall to describe the situation but nobody relied on it.
   Until I get some real answers to what happened here it will be very difficult to invest in any other Canadian Junior oil or gas companies I spent years doing due diligence in this company.
 Due to the lack of discosure, I consider this rake-over a betrayal of investor confidence and therefore odius and cowardly by all involved.