RE:RE:Big. Big …Bog …volume Catalyst doesn't give 2 chits for what share price is and why they are fine with owning 41% of an invisable company and having complete control. They have publicly announced they have the very competant Goldman Sachs assisting them in selling off their Colombian assets including the Port and the Pipeline and some oil concessions. Catalyst knows the FEC day to day share price has little to do with the price they get for the Port, pipeline and other assets. They is little doubt in my mind there is a lot of interest in the port and they sell it for a $Billion+ and the only reason I am hanging on to an extremely poorly managed company. It will likely continue to go down in price due to staying invisable to both the public and the analysts. Until they sell an asset. They only thing the various SIB's have done is increase Catalysts and Gramercy's % of ownership. Combined they are close to owning 55% of FEC shares at last reporting.
They also have annouced the #1 M and A specialist, Houlihan Lokey is assisting them in trying to sell Frontera Guyana if that is still possible. H.L. recently brokered the large deal between Equinor and Shell on merging many of their North Sea and UK oil and renewable assets into a completely new company.