Crew Energy Inc T.CR

WHY CNQ NOT ACQUIRE CR INSTEAD OF CJ

[virgintrader99]

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[gonatgasgo]

I do not know anything about Cardinal Energy.  However, Crew is not interesting in getting acquired at these prices.  Dale is definitively not interested in selling and Crew is worth a lot more than $0.50 or whatever a premium would be at these prices. Let's go Crew, you can do it alone at least until the stock price is much higher.

[Seppelt]

It’s not CNQ, it’s a private investor with a good knowledge of laws or an access to legal advice to make sure that there is no collision between his private holdings and board membership. Crew can hold on, Insiders have good paying jobs and it appears there is a tight club in the oil patch, hostile takeovers are rare, no one is going to deny his neighbor and golf partner a good source of income

[Oldnagger]

I believe N Murray Edwards is the same person as the CEO of CNQ. What I intensly dislike is that the management gave him a special deal not available to others,then dealt themselves in ,then structured the package in such a way that minority shareholders do not get a vote on the matter . In this manner he gets 18% of the shares at a below market price by way of warrants and 12% interest rate on

[Seppelt]

He is not the CEO, he was a cofounder of CNQ and sits on its board. As far as the deal, CJ had liquidity problems and convertible debentures maturing in late December. I had a brief look at the press release and also disliked it. Diluting and among other things, looks like someone can acquire a big chunk of a company at below market price without making an offer to all shareholders. Surprised

[Oldnagger]

Fortunately I dodged a bullet , I had some shares from a long ago spinoff ( If I recall correctly.) I was looking at  CJ recently as a recovery from Covid play based on high leverage oil prices.  A good reminder to always do DD. I was under the impression that management of CJ had already resolved their short term debt issues. Either way it seems they were not being open with