Gear Energy Ltd T.GXE

RZE is Filing of a Notice of Intention to Make a Proposal

[Quintessential1]

"While subject to the Notice of Intention proceedings, the Corporation will continue with its efforts to pursue strategic alternatives. To this end, the Corporation has engaged Peters & Co. Limited to undertake a process to solicit bids in connection with a transaction or series of transactions that may include a sale or sales of the Corporation’s property, assets and undertaking, a financing or refinancing which may include an accompanying restructuring of the Corporation’s financial and contractual obligations, or a combination of any of the foregoing. Further details of the strategic alternatives process will be communicated in the near future."

https://stockhouse.com/news/press-releases/2024/01/31/razor-energy-corp-announces-the-filing-of-a-notice-of-intention-to-make-a

Well they can try and pick these up cheap or focus their attention elsewhere.  As long as interest rates stay high and oil prices remain moderately low there should be more of these distress sales to come. 

GLTA

[tylerreddick]

" As long as interest rates stay high and oil prices remain moderately low " So Qunit, you think $76 WTI is "moderately low"? I just shake my head in wonder.

[Quintessential1]

You can shake it off for all I care.  Your thought processes are not something I take seriously. GLTA

[tylerreddick]

That would be your first mistake, Qunit

[Quintessential1]

Uh huh. EAD. GLTA 

[Maxmoe]

Huh? Acronym Definition EAD Encoded Archival Description (DTD for SGML) EAD Employment Authorization Document (US INS) EAD Employee Appreciation Day (various organizations) EAD Exhaust Air Duct (ventilation)

[Quintessential1]

You're going to have to use the urban dictionary. ;-)