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Bullboard - Stock Discussion Forum Novus Energy Inc NOVUF

Energy Oil & Gas E&P

GREY:NOVUF - Post Discussion

Novus Energy Inc > No fair market assessment done on deal
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Post by ardvark11 on Sep 05, 2013 9:23am

No fair market assessment done on deal

The news release said that the advisors gave a verbal ok to the deal.  This is far from a legal fair market assessment which they are required to do.  Board of Directors ardirectly liable to shareholders for not representing their interests.  This means that they will have to pay out of their own pockets for damages if any.  My no vote will be against the board also as they do not appear ro be aligned with shareholders needs.  Better to re finance at 1.18 than to sell the assets.

Also in regards to options and warrents, these hold no vote.
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