Comment by
Kherson on Jan 15, 2013 10:20pm
Looks like Avenex management has left us between a rock and a hard place. I think that the only choice that we shareholders have now is to vote against the merger. Kherson
Comment by
rad10 on Jan 16, 2013 8:28am
I agree - the track record of the management team that we are inheriting is not up to standard.
Comment by
Kherson on Jan 16, 2013 9:20am
I also assume that all three management teams will be getting a severance package based on their "Change of Control" clauses in their employment contracts with their individual companies. Looks like they win at our expense... Kherson
Comment by
rad10 on Jan 21, 2013 8:32am
Agreed - but we have to make the best of this. The fact is the 80M proceeds from the sale of Elbow River belongs to AVF shareholders. The vote is by no means a done deal (Sorry Bakken ). I would rather Avenex remain a stand alone entity - than be shackled with charger and the proposed management team.
Comment by
Kherson on Jan 22, 2013 12:28am
JReynolds, that is the question that we are all asking? Kherson
Comment by
Art365 on Jan 22, 2013 10:42am
will CHX drive evrything to the ground ? There is always doubt and uncertainty, but you are certainly too pessimistic! The new company will have a lot of cash flow and won't be driven to the ground. Charger had a huge inventory and first class management but no cash.
Comment by
deisman on Jan 22, 2013 11:21am
And how much of our cash that AVF is getting for ER is going to be going as "parting gifts/rewards" to the mgmt/boards that won't be staying on with spyglass? A Ben Dover & Phil McCavity merger........ ouch!
Comment by
Joe454 on Jan 22, 2013 2:17pm
This post has been removed in accordance with Community Policy
Comment by
eusdond on Jan 24, 2013 8:36am
I agree with you 100%... All one has to do is look at CHX history and see what that LOSER managment team has done to it's shareholders... History is FACT___ How could anyone think that it will be any different after the merger... That management team is only looking out for THEMSELVES___