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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by snootchybootchyon Dec 24, 2024 3:33pm
73 Views
Post# 36376823

RE:RE:RE:Vote date is carefully planned

RE:RE:RE:Vote date is carefully planned

Scenario #1 - Insiders purchase shares because they think the share price is a good deal, whether you end up with cash, shares or combination of both post-acquisition.

Scenario #2 - Insiders purchase shares to ensure they have the votes for the acquisition to go though but it is actually only these two particular insiders who are willing to risk their money and somehow these two insiders know 433,000 shares is sufficient for the deal to go through even though 433,000 shares represent only 0.17% of the total float.


Hmmm. Such a tough decision but I think I will stick with Scenario #1. 

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