AvenEx Energy Corp AVNDF

Elbow River Proceeds

[jacek99]

There has to be more to this selling of Elbow River than meets the eye.  The company has to come out and have some kind of conference call about this deal.  In the end, they have to convince shareholders to approve this deal by 2/3.  I’m thinking (hoping) we get some kind of special dividend for that asset.  NO?

[bakken13]

The CC is going on right now. We get nothing from the sale of Elbow I will be voting against this bs, and looking to turf management.

[nwahsrm]

Buchanan was clear on the CC that the $80mm is going to Spyglass. What a screwing for AVF shareholders. The other two companies get a premium, a dividend, a share of the Elbow River proceeds, and control of the new entity.>

[pone]

Does management have the votes needed for this deal?  There is no way any sane shareholder would approve this stupid merger.   Management gave away everything of value and received debt in return.

[pone]

Does management have the votes needed for this deal?  There is no way any sane shareholder would approve this stupid merger.   Management gave away everything of value and received debt in return.

[gvixid]

I can't see how they can get the votes, based on the deal as it is. As many of you have said, AVF shareholders get nothing out of this.  Management must realize this.  Even if management is incompentent, something doesn't add up here.  Shareholders should be angry, and demand some value here before allowing the merger to go through.  We have some leverage.

[jojorogers]

I have sent some emails to IR..  For what its worth.   How can they be that stupid? I will try to get them on the phone, but they are probably too busy patting each on the back and drinking champane in celebration of the deal.. this afternoon they will be sitting around on how to write up some cheap options in the new company so they make sure they come out OK... or very OK... Same stuff

[pone]

Does anyone know if this Parkland Fuel entity has any connections to Avenex management?    This smells.   You can't give away a hot asset like this for so little and not even give your shareholders the proceeds.   Can someone break down Avenex's share ownership?   How much is in the hands of management or its close affiliates?   Do they have the votes?  

[downwithdotcom1]

note: unforunately, the elbow river asset sale looks like a DONE deal - i'll still be voting NO!!! see below. DWDC Parkland Fuel Corporation Extends Supply Capability with Definitive Agreement to Acquire Elbow River Marketing