RE:RE:RE:RE:AcquisitionYou really are full of it. At least take the time to read the basic information. This is not about venom, this is about calling out self styled experts who are plain and simply full of BS.
CALGARY, AB,
Oct. 27, 2022 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("
Cathedral" or the "
Company" or "CET") and Ensign Energy Services Inc. (TSX: ESI) are pleased to announce the acquisition of the operating assets and personnel of Ensign's Canadian directional drilling business (the "Transaction") by Cathedral for a purchase price of CAN$5.0 million. As part of the Transaction, Cathedral and Ensign have entered into a Marketing and Technology Alliance ("the Marketing Alliance") which will further help support and expand the customer base of both companies in the Canadian market. The purchase price will be satisfied through the issuance by Cathedral to Ensign Drilling Inc. of 7,017,988 common shares of Cathedral (the "Consideration Shares").
In addition to a 4-month statutory hold period on the Consideration Shares, the parties have agreed to customary contractual restrictions on resale. Insider wrote: Yes they acquired Cathedral shares but that doesn't mean they have not been offloading it or selling it to strengthen their cash flow and to reduce debt.
I don't engage in conversations with senseless idiots who do not understand how Treasury operates. Talk about not knowing how balance sheet works. Are you for real?
I am a CPA, MBA Finance and a double major in Math and Economics. 20+ years of experience in working for various industries in Canada.
So go sh.... where your mouth is and stop spitting venom in this forum