Post by
nanaimo16 on Feb 02, 2012 8:43pm
complicated deal, but do-able....
apparantly the new buyer might have to start all over with the permitting process because the permits are not transferrable........ however that can easily be mitigated with Bridge/Paramax being involved with equity and still holding the permits , that is if the permits are of real importance to the deal. What is the most important, I think, is the quantity and accessibility of Gas. These M&As are done all the time, so unlikely the permits are a deal breakers. cheers, N
Comment by
sjaplo on Feb 13, 2012 12:38pm
Has anyone got any suggestions as to what may happen to the SP based on the sale? From the website - It looks to me that they are selling their only real assets? Also - I'm still puzzled by the fact that none of the members of mgmt who resigned have sold any shares?
Comment by
sjaplo on Feb 13, 2012 6:59pm
Thanks for your thoughts and info Nanaimo - lets hope we get some good news soon!
Comment by
Gasman16 on Feb 15, 2012 12:10pm
What does this mean, really?
Comment by
Gasman16 on Feb 15, 2012 5:47pm
Thanks for the explanation, it is appreciated. Sounds like this one will drag much like the permit approval process did! Ugh......