RE:RE:RE:RE:RE:RE:RE:looks like we have to wait for meeting on vote, stk upWhat is not talked about, but should be is how this management proposal benefits a direct competitor - Trican Well Services.
This is entoirely due to the fact that George and Sime Armoyan of G2S2 Investments Inc. control more than 10% of Trican (see below)
| Filed 2020-06-30 17:35 Tx date 2020-06-30 | $TCW
Trican Well Service Ltd. | Armoyan, Sime 3 - 10% Security Holder of Issuer Holder: G2S2 Capital Inc. (Control or Direction) | Common Shares 10 - Acquisition or disposition in the public market | $77,301
+94,500 vol
$0.82 each | 17,597,169 | |
| Filed 2020-06-30 17:35 Tx date 2020-06-30 | $TCW
Trican Well Service Ltd. | Armoyan, Sime 3 - 10% Security Holder of Issuer Holder: G2S2 Capital Inc. (Control or Direction) | Common Shares 10 - Acquisition or disposition in the public market | $4,050
+5,000 vol
$0.81 each | 17,502,669 | |
| Filed 2020-06-30 17:19 Tx date 2020-06-29 | $TCW
Trican Well Service Ltd. | Armoyan, Sime 3 - 10% Security Holder of Issuer Holder: G2S2 Capital Inc. (Control or Direction) | Common Shares 10 - Acquisition or disposition in the public market | $25,920
+32,000 vol
$0.81 each | 17,497,669 |
Was this talked about? Probably not.
Watch Trican shares go up tomorrow morning and Calfrac share price go down.
BobTheKnob2 wrote: There has obviously been some heavy wordsmithing and slanting of truth - all to make the management propsal to look better. Read the following closely, especially the highlighted part - none of the Wilks Brothers votes were recorded.
At the meeting of Shareholders held today, each of the resolutions in connection with the approval of the Amended Recapitalization Transaction was approved. Excluding Common Shares voted by Wilks Brothers, LLC, no more than 4% of the issued and outstanding Common Shares were voted against any of such resolutions.
Then ask how many people tendered to the Wilks proposal, but did not vote for the management proposal.
As I stated earlier, this is not over yet. There will be fireworks incoming shortly.
Grab your big bag of popcorn, pull up your La-Z-Boy and watch the show.
Geodan2 wrote: Sorta a double negative, meant why only 4% voted Wilks side