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Bullboard - Stock Discussion Forum TriOil Resources Ltd TRIAF

GREY:TRIAF - Post Discussion

TriOil Resources Ltd > what happens when the take-under goes under?
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Post by shambano1 on Nov 11, 2013 10:26am

what happens when the take-under goes under?

with recent operational update news to inform the shareholders of all the success to-date in 2013 and the vote tomorrow i am predicting the NAYS will win the day.  Outside of the management lock-up I don't know any other shareholders that are voting for this deal and with latest update and recent montney takeover metrics, again anyone voting for this deal has to be a little bit lacking in mental fortitude ??

so when the company annonces that the deal has been voted down, what happens to our share price tomorrow?

I really can't see it falling and I can see it rising over 3 for sure and maybe as high as 3.30 range, just on the NO vote but I'm curious what others think also.

I might be totally off tangent here.

DYODD but we are getting down to the wire on this one but it still begs the quesiton-why this management team make this crappy deal in the first place???
Comment by filefish on Nov 11, 2013 6:57pm
I'm disappointed the share price did not drift above 2.85. That would have been an indication of how this vote will turn out. Whoever bought all those shares just a couple of days subsequent to the deal announcement will have a big say in the matter. We'll get the results tomorrow and see. Time to accept the reality of this bad deal and move on.....   
Comment by shambano1 on Nov 11, 2013 10:54pm
not until I see the last shares voted, i don't think this deal will fly
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