Gear Energy Ltd T.GXE

WTI hits $77.60

[lovehockey]

Cancel the vote, that is your way out. Heavy oil is in higher demand due to shale oil being gassier and lighter, refineries have more demand for heavy oil now.

[greyowl]

Priced in CDN light is over $110 and heavy over $80 Dissent your votes or join a class action Deal was rotten and even more rotten. Let others known how people people behind this deal operate. They should just drop the deal get back to work pronto . Complete waste of time and money They just saw some retail money ripe for the picking and decide to go for that intead o working for it

[lovehockey]

As much as I am hoping I do not think they will cancel. I think the entire play for two years was to diminish $350 mln company to $120 mln and buy assets for cheap. That was the end game. This "Tyler 53 cents" guy (I will call hom that now) was here for a reason with all his negative messages. This company is worth way more than it is trading now and there are large players that want

[greyowl]

Look into being a dissenter shareholder There is a define structure and they have to deal with  you separately on agreed upon terms. Dissent and put in an offer to them for .80 cash or whatever you think it is really worth.

[tallpaul]

Hello greyowl I agree with you about this new management having not put much effort into making GXE more successful. They were in control for LESS THAN A YEAR and they ascertained that GXE was in their opinion, not in good shape. But a company that has no debt and can afford a nice dividend and still have a litttly bit of extra cash flow with oil only in the $70 range or $58 for WCS (western

[greyowl]

TallPaul. Will take a look at Pomerance. For those interested in excercising thier Dissent Rights you will have to make sure your shares are Registered not just held in your name with a broker. READ the mailing to be issued shortly by the company. You will see a section on Dissenting. The dissenting process allows for you to negotiate a fair price for your shares outside before they can be turned

[lovehockey]

WTI just hit $78. With every dollar WTI goes up the worse this deal looks. Consider that OIL is mispriced by at least $15 via manipulations arranged by US department of energy you can get the picture of how these assets have been planned to be given away.