Calfrac Well Services Ltd T.CFW

.18 hostile bid from Wilks brothers

[Ctg311]

So the reconstruction plan isn't going accordingly to wilks brothers. They just launched a hostile bid at .18 cents Canadian per share. Let's see what's next

[BobTheKnob2]

This whole crew of mud-slingers makes me laugh. We have this rich comment from the management recapitalization group that state this: Fact:Wilks Brothers' Proposal cannot be executed and would make Calfrac subservient to a competitor. The reality is that the management group has G2S2 which is the same group that helped restructure Bonavista. G2S2 is another way to say it is Clarke Inc

[hattar12]

who should share holders vote for , what is in best interest of shareholders to get money back invested in shares.?

[Domovyk]

Unfortunately both of these groups want it for cheap is likely right.  But atleast there is a hostile bid.  However, both are bad for share holders.  Restructuring in both cases likely means shareholders get pennies on the dollar in a forced sale.  Then it is taken private and merged with another company.  I for one would rather get shares in the merged company.  I am