Gear Energy Ltd T.GXE

Vote date is carefully planned

[lovehockey]

Trump inauguration is on Jan 20th, vote date is timed likely because there is some thinking that Trump somehow will hurt Canadian energy stocks either through a threat of tariffs or with something else which will force people to vote yes to get that bare minimum that is being offered.  

It doesn't look like a transparent, straightforward scheme. Everything about this feels shady including promises for NCIB, new management, timing, structure of this deal.

[snootchybootchy]

433,000 shares of stock were purchased by insiders today on the open market so that would appear to shoot holes in your theory that this deal is shady.  Given that these insiders would not know at this point how many shareholders will opt for cash, this is a pretty bullish indication that they believe the Lotus Creek assets are valued at a discount.

[tvstock]

How about the scenario they buy enough shares to accumulate votes to make sure the deal just go through ?  Their salaries/bonuses from the new company(ripped off from investors) easily compensate the cost of acquiring these shares , as they only need to pay less than 20 cents per share in the worst case scenario? If less shares vote for cash, then they can actually get 0.609 cents a share

[snootchybootchy]

Scenario #1 - Insiders purchase shares because they think the share price is a good deal, whether you end up with cash, shares or combination of both post-acquisition. Scenario #2 - Insiders purchase shares to ensure they have the votes for the acquisition to go though but it is actually only these two particular insiders who are willing to risk their money and somehow these two insiders know

[greyowl]

Happy Holidays to all here. " May you keep your eye on the big picture. "Tis' better to give than receive" {^youtubevideo|(width)425|(height)264|(rel)False|(url)https://www.youtube.com/watch?v=VMEjJtIPLm8|(fs)True|(loop)False|(autoplay