Frontera Energy Corp T.FEC

What we have here is using one TRUTH to apply to make

[CrazyTrader]

something else true, which is not.    It's TRUE.... 3,375,000 is about 4% of total shares of 84,188,756 outstanding.   

It's a logical mistake to think you can now just apply that 4% to what is tendered.    You are using one Truth, 4%, and applying it to something TOTALLY different.   

The 4% is based on 84,188,756 share outstanding.    What will be tendered most likely not going to be 84,188,756.    So the situation is DIFFERENT.    

Again, if I tender 3,400,000 shares and you tender 100 shares, for a total of 3,400,100 shares tendered only, the Pro-Rate isn't going to be 4%.       

4% of 3,400,000 = 136,000
4% of 100 = 4

That's only 136,004 shares, not 3,375,000.    

So you see, 4% can not be used.

[CrazyTrader]

4% is base on 3,375,000 being 4% of 84,188,756.   Total tendered will not be 84,188,756.   What you tender will not be 4% of total tendered, it will not be the same ratio as 3,375,000 to 84,188,756. You can not apply 4%

[CrazyTrader]

here's a link to my first post here.  I think this is how best to think about how Pro-Rate will work.     TSX:FEC Forum Post | CrazyTrader-36235282 | New here, here's my take. Sonoffergus, I know you are | Frontera Energy Corp (stockhouse.com)

[a2bman]

Crazy, the ncib is for 4% of the company every gets equal weight/opportunity, everyone gets to sell 4% (or more depending on tender distribution) If everyone tenders every share they have, 100%, +80MM shares... everyone gets their 4% sold and 96% returned If you owned exactly 3375000 shares and only you tender shares, you will get everything you tendered sold = 100% Now you can split this a

[CrazyTrader]

a2bman..... You are stuck seeing only what you want to see.   TRY to "SEE" and "UNDERSTAND" what I said.     I TRIED to "see" and "understand" you.  Repeatedly trying to understand and asking you to elaborate.   For a second there, you made sense.   But I thought more and realized it doesn't make sense

[a2bman]

ok original post, now i see where your going wrng 3375000 is 4% of 84MM They will buy 4% and since its offered equal for all shareholders thats 4% of what you own. Not 4% of float or 4% of tendered amount.   if everyone tendered all their shares then it would be 4% each and also work out to you selling 4% of the tendered shares.  but thats a perfect world with all tendered to the

[CrazyTrader]

a2bman, you still not seeing what I'm saying.   Yes, they are buying back 4% of the float.  This doesn't mean you get to sell them 4% of what you own.   AGAIN.... an example to why it can not be 4%.   I gave this before, but you fail to see and understand.   I have 3,400,000 shares. You have 100 shares.   You and I are the only ones

[a2bman]

I sell 4 shares you sell 3,374,996.  you sold >4% I sold 4% I said a hundred times you will be able to sell a minimum 4% could be more. The big funds and insiders will take about 2/3 of this.  If the rest of funds and retail dont partake.  you could get an additional 4% of the 1/3 if the big funds totally oversubscribe.  If they dont oversubscibe at all, you could actuall