Post by
jidamo on Aug 28, 2013 12:06pm
Take over
Appears to be a take over over by Yanchang Pete @ $475.94 M
when divided by 186,838,000 outstanding = $2.55 share
Looks good to me
Comment by
ardvark11 on Aug 28, 2013 12:09pm
I wonder if this is serious? Maybe that's why they are both halted?
https://www.yanchangpetroleum.com/ir_announce_e.php
Comment by
asnets on Aug 28, 2013 12:14pm
The IIROC lists that they halted trading at the company's request....not the IIROC's. IMO that would indicate the company is up to something...maybe Yanchang released/leaked the info before Novus was ready to make public, and so now they are in 'damage control mode'