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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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

Gear Energy Ltd > Those who don't vote
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Comment by houbahopon Jan 22, 2025 5:19pm
31 Views
Post# 36415925

RE:Those who don't vote

RE:Those who don't voteThe proxy vote and the choice of consideration in exchange for the GXE shares are two different things.

Even if you vote NO and you elect CHOICE A (all cash), you could end up receiving "silly Lotus shares". Shareholders not filling the Letter of Transmittal and Election Form
will be given CHOICE C automatically.

For the ones electing all cash, the hope relies on a fair amount of shareholders electing NewCo shares (CHOICE B).
IMO, insiders and administrators should be forced to elect CHOICE B to balance this rotten deal served to the other shareholders.

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