Post by
taxdemicco on May 26, 2011 2:26pm
QUANTUM (SOROS)
Hello Everyone,
Cancelling a bought deal at 25 cents confirms that you have better offers on hand.
A bought deal means that you had the funds and management walked away.
They may have walked away:
a) VST hit oil, hence stronger negotiating hands
b) Soros or other investors came back with a much stronger financing option
c) LFD disgusted with naked short selling of its stock and refusing to deal with PP that would benefit them
d) Agreement has been reached to merge VST and LFD together, say at 50 cents.
A board of directors has a fiduciary obligation to its shareholders.
They must do what is in the best interests of everyone. Walking away from a bought deal can only be done if you have a better DEAL.
The regulatory requests will ensure that there are no more delays in drilling.
I am certain that SOROS may have acted as the POLICEMAN on this file.
Notice how good40, kurd30 and hhoc are absent!!!
I expect management to take its time before announcing a deal, so that proper balance is brought back to the stock to levels where there is no manipulation.
A financing at 45 cents per share, the previous highs, would resolves all shareholder matters and, regulatory I am certain since there will be no damage to anyone.
PS: Notice how both VST and LFD are rallying, how can that be!!!! Coincidence.
JMHO of course
Comment by
raybay_98 on May 26, 2011 2:39pm
VST is still a big unknown. If they did 'strike something', the news release would of stated the number of feet of "potential" which it do not, instead they are only 'testing', but testing what?JMHO
Comment by
eleung22 on May 26, 2011 3:24pm
Go back to VST previous NRs Raybay_98, where you would find VST partner Niko has already identified prospective pay zones of 143m. Testing would be on these zones.
Comment by
raybay_98 on May 26, 2011 6:50pm
You are correct and I stand corrected. Tks