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Bullboard - Stock Discussion Forum CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

CanAsia Energy Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration for, and the acquisition, development and production of, crude oil and natural gas reserves. The Company, through its subsidiary, Andora Energy Corporation, is focused on developing the bitumen resources at the Sawn Lake property using steam assisted gravity drainage (SAGD) development... see more

TSXV:CEC - Post Discussion

View:
Post by radcat on Aug 17, 2022 12:48pm

Money

When will we get our distribution? Is it by the end of this month?
Comment by quicksilver545 on Aug 17, 2022 2:52pm
Deal has to be voted on, then close first. I would think a week or so after that.
Comment by radcat on Aug 18, 2022 4:43pm
The vote will in all probability go the way managemtn wants since only 12% of retail investors voted before. Then management could inform us the deal will close at the end of October and take two more months of earnings. If this is truly the best offer we received of "several interested parties" I'd hate to see what the stink bids were. 
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