Post by
TonyDj on Feb 09, 2017 2:00pm
Remember $4.00 offer is Pro rated.
It will be interesting to see what the percentage of cash to shares will be. Me thinks a lot of shareholders will be getting their shares back . $90 mill. isn't a lot to go around.
Comment by
gvfsdgbfsdgbfsa on Feb 09, 2017 3:40pm
Yes, most of the shares will not be purchased. Approx. 23.4% of the tendered shares will be purchased, as per the company info released Feb 3. Sold some above $4.00, tendered some and will still have some to watch and see. Will redeploy profits into another oil company in the near future as I believe oil will stabilize and make money for companies that have low costs.