TriOil Resources Ltd TRIAF

no skin in the game

[pennydredful]

Board  and  management    are  motivated   to  accept  low  offer   as  they  have  very  few  existing  shares   but  lots  of  options  and  termination  fees    so  they  sold  there own  shareholders  " down  the  river"    out  of  pure  greed   so  they  could  capture    this  option  and  termination  fee money   which  looms  much  larger   than  their  shareholdings  .  What  a  scam !

[raggetyjack]

My sentiment exactly ... lots of shares trading today. Still up from my purchase price and will be holding for a beefed up offer. The trading this morning at offer price is indicative that the market thinks a larger offer is warranted. This offer of $2.85 is a completly out of whack with their production and assets. On top of that to agree to a $8m dollar termination fee on the low ball offer

[fisherman8]

With that low offer, I would expect some else to jump in with a more superior offer. Question, if that happens does TOL pay the termination fee?

[xdarkcloudx]

-do not own shares of TOL but do own LTS -67% shareholder approval needed for this deal to happen-cant see this getting approval-LTS owns 19% and doubt they would approve the deal-this offer seems like another dumb Polock joke?

[raggetyjack]

Completely agree LTS will not let their shares go for such a low ball offer. Management has obviously sold everyone out here as they hold little shares but get a nice payday on options and termination fees.... Most likely they've negotiated they will be retained as this company has no presence or management to take it over. So any competing offer will win shareholder approval to kick this

[PinnacleX]

This post has been removed in accordance with Community Policy

[zeus55]

"The trading this morning at offer price is indicative that the market thinks a larger offer is warranted." -------------------------------------------------- What a stupid comment, as the trading indicates no such thing. Gawd.