40% of Rhino Acquired - Houston Natural Resources -SPAC Perhaps PFC has some news in the near term to move the stock!
Nothing like a quick google search to find something exciting!
The company also announced that it has extended its letter of intent to acquire the 90.1% interest of Cunningham Energy LLC. The transaction is expected to be completed in the second quarter.
The company expects the FINRA review to be completed in the near future providing for the payment of the dividend of Worldwide Diversified Holdings, Inc ("WDHI") and the public listing of WDHI in the second quarter.
The company has engaged legal counsel, auditors and an underwriter for its listing on to NASDAQ which it expects to file in the second quarter this year.
https://www.cunninghamenergy.com/
- The company is evaluating additional acquisitions in the energy and energy services industry to provide value for shareholders,
- The company intends to continue sponsoring additional SPAC investments. The company sponsored a successful NYSE listing of an energy focused SPAC during the first quarter of 2022. The company is currently focused on a second energy focused SPAC to be listed in 2023 and is currently evaluating other SPAC opportunities for listing onto major exchanges. This strategy will result in a dividend to its shareholders, after the lock up period has expired, on each of the SPAC investments. This would provide quarterly dividends through 2023 – 2024.