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Bullboard - Stock Discussion Forum Scotoil Petroleum Ltd OILXF

GREY:OILXF - Post Discussion

Scotoil Petroleum Ltd > plan of arrangement
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Post by tradingplaces13 on May 04, 2013 9:03pm

plan of arrangement

HI Alkhor & Company

I have been along long time follower and had to create a profile before the lights went out. The legal expiry for the Plan of Arrangement  is May 21 i believe so you should see some activity in your acct after that . Mine are still in my Direct Investing acct frozen in time.

Most of the provincial security commissions are just about useless- overpaid bums.

I hope mgmt chokes on the shares and CRA does not allow the tax losses to carry forward.

As you have commented the vote was rigged and now that they own more than 90 %, they should be able to force the rest out.

2  things still puzzle me is how a BC Company, would have a vote in Hong Kong and how sharesholders were all paid the same.- it just reeks.

spend your 2 cents wisely and  dont waste your time thanking a Warren Buffet wannabe (good 40) nothing wrong to say you are right, but not necessary to throw salt in the wounds.

take care and thanks for all your worthy posts- even Dbunker

tradingplaces  13

Comment by bobby1231 on May 08, 2013 6:38pm
I got my money in my account, We are officially finished. Hopefully we all can avoid Companies like this in the future.  
Comment by alkhor on May 13, 2013 10:07am
Still have all my shares and no money.
Comment by bobby1231 on May 13, 2013 7:40pm
  May 01, 2013 May 01, 2013 Exercise 0915988 B C COM            
Comment by Dbunker on May 19, 2013 11:09pm
Tradingplaces13 I have looked through all the news releases and not come up with May 21. Starting to think something up cause they should have our shares by now. The only way they will get my shares is take them cause that 1100 just ............ me off. DB
Comment by alkhor on May 21, 2013 5:58pm
I have the feeling the problem is the 10:1 cosolidation. The consolidation was approved 16 September, 2009 and completed 27 April, 2012. Those who bought on the American OTC between these two dates could not be sure if they were buying consolidated or unconsolidated shares.   I read in the buyout information booklet that the buyout offer will end on May 31 unless extended by both parties. I ...more  
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