Frontera Energy Corp T.FEC

What do you guys think of this deal?

[kcac1]

With Vulture Capitalists completely controling the company, what advantage is it to Catalyst to do this complex deal over just issuing a special dividend that they would receive 41% of?

One, would be their percentage of ownership will increase, and I am assumeing they don't rid themselves of shares. Also, could a deal for the port or pipeline or company be in the works at a much higher price?   Or a deal could be in the works for Frontera Guyana with de Alba surely knowing the pay to play game.

For some reason, I don't trust Catalyst. What are others thoughts on this?

[Nergy]

My take, they know that the stock soon will be worth more then 15 CAD.

[kcac1]

Agree, Something seems fishy, but with this company, you never know To say that CC and Gramercy are taking the offer then   why weasel word the clause this way if the vultures are going to take advantage of the offer? It makes their intention to sell anything but ironclad.   "Each of Catalyst and Gramercy has advised the Company that their current

[a2bman]

So upto 3.5MM shares, any shareholder can take part, gramercy and catalyst have said their in Does that mean they're taking it all?  The have >35MM shares Are they really offering  $12 for this?  is it first come first serve wtf

[Frank007]

The offer to purchase will be on a pro rata basis ....that is a percentage of your holdings ...so cc or greymercy can only take up to 41% of this special buy back ...my call is they want it to look like they are dumping so you do ....it quite the con game here ...

[Jimmmy666]

How does one validly deposit the shares? Never be part of this before 

[Frank007]

Thanks again for your input Kcac.....here is my two cents ....for all it's worth ...lol ...they will be buying back shares with company funds ...therefor all shareholders benifit ...and I am sure ....none of the catalyst or greymercy shares will be telexed ...since the value is actually around $30 us .....per share ...so sell if you want but I will be in buying .....probably shedrill too ....

[CPFStocks1]

Frontera will pay the Purchase Price of CAD$12.00per Share for each validly deposited Share taken up by the Company up to a maximum of 3,375,000 Shares, for an aggregate purchase price not exceeding CAD$40,500,000 (equivalent to US$30,000,000). I wonder how this will really work, do they set a buy limit at $12 and buy back every share from the current $8+ up to $12 to a

[kcac1]

Could they have made this any more confusing? Couldn't they come up with a much more simple way to reward shareholders? Maybe it is good they seldom do a press release? The way I read this Mumbo Jumbo is that the $12C is a firm offer to buyback at that amount but this is not a binding offer. They have the right to change or cancel the buy back any time before 10/17. Which may be included just

[a2bman]

If more than 3375000 shares tendered they are gong to prorate and they will give back anything over that amount.  so do they mean prorated based on the tendered share brerakdown or prorated based on number outstanding share ownership breakdown.  My guess is the former.

[a2bman]

CPF I dont think thats what it says, otherwise they would have stated "upto" $12/share. and who would deposit shares not knowing whatthey would get for it.  I think the deposit is just to weigh interest, give people a chance to opt in and if too many do, then split it equitable somehow (prorated)

[CPFStocks1]

I don't think that this will do much for the share price as everyone is still waiting to see what happens with CGX. If they release not so good news after this buy back period, I guess Gramercy and Catalyst will win once again as they would have cashed in at the higher price.

[a2bman]

I think this is BS.  prorated is so low for us small investors theyre making sure nobody except the 2 big owners take advatage of it.  Sooo we should all tender shares for $12 - forkem dont let them get more than their prorated share

[Nergy]

Don't think they will tender a single share, but they want me and you to think they will just to ensure enough share will be tendered.....

[kcac1]

Nergy, I tend to agree with you unless the 2 vultures need 55% of the $30mil U$ offered in the buyback. If not, and they see that 4% of the shares have been tendered and they back out of tendering any shares the deal, since it is in the contract they can backout at anytime for any or no reason. They would then own more than 55%. They know all of the inside info. And surely they have lots of