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Bullboard - Stock Discussion Forum Twin Butte Energy Ltd TBTEF

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.

GREY:TBTEF - Post Discussion

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Post by Playsmart on Mar 14, 2021 7:09pm

TBE

Any idea who will be responsible to sell tax pool, if that is reason of TBE stock trading on OTC, I guess Reciever is already been discharged. Who will lead this process? Do TBE Ex Board of directors ( If I remeber correctly, they were used to own tons of shares as well) or Court will hold this process? 
Regards
Comment by Hendrick3 on Mar 14, 2021 7:38pm
I believe it will be up to a prospective purchaser to approach the shareholders on a deal directly. They would probably make some sort of offer through a offer sheet sent to shareholders. My guess is that they would approach large shareholders informally to ensure the deal would be accepted by 2/3 of shareholders also as to not waste their time.