Post by
m8magic on Oct 06, 2014 2:07pm
i think it can run anytime
TSX will allow the price per listed security for a particular transaction to be less than as provided for in this Subsection 607(e) provided that the listed issuer has received security holder approval
Read more at https://www.stockhouse.com/companies/bullboard/v.pop/petro-one-energy-corp#T0trJjqOPS3YbBk9.99
Comment by
2fast4you on Oct 06, 2014 2:23pm
We cumulatively are the security holders M8... I know I did not approve it and neither has the exchange, yet... "(other than by security holders participating directly or indirectly in the transaction and such security holders' associates and affiliates)."
Comment by
m8magic on Oct 06, 2014 2:28pm
don;t think they need us as they have controlling shares likely...and i think the exchange did approve it and it just had the extension to file it..???
Comment by
2fast4you on Oct 06, 2014 2:35pm
Sorry I missed the approval.
Comment by
2fast4you on Oct 06, 2014 2:43pm
should have read; Should "NOT" make below 30c IMHO...
Comment by
m8magic on Oct 06, 2014 2:45pm
well your likely on the right track then...the share price sure reflects that...i thought it should be the 10 day average then...??
Comment by
investderp on Oct 06, 2014 2:46pm
Sorry - why do you guys think that the price should be close to the PP share price? How do you explain it being in the 70 cent range prior to the original closing date then ? Market knew it would not close on time?