Rodinia Oil Corp. V.ROZ

It would make A LOT of sense for PFC to buy this c

[RE38]

In a cash-share deal. If they buy ROZ for, say, $10M, that would be the equivalant of them paying for their acreage for about $5M (I'm going off the top of my head with these figures when I looked at this a few weeks ago, look at SEDAR yourself to confirm), because ROZ is trading at it's cash/marketable securities value and they own PFC shares. So it's a lot like a buy back on PFC's case. Very interesting that PFC just closed their PP on September 17th for $10M then a day later ROZ announces their strategic review. I think the companies were already in talks then ROZ retained CIBC to see if they could get a better deal out of the situation.

https://tmx.quotemedia.com/article.php?newsid=54342989&qm_symbol=PFC

https://tmx.quotemedia.com/article.php?newsid=54373178&qm_symbol=ROZ

[birdie22]

I do not think they will get a better deal from PFC as both PFC and ROZ have the same CEO.CFO.Chairman and board. Perhaps CIBC can sniff out something from someone else ( but not to much to suit PFC ).

[RE38]

I didn't do much DD on PFC. I didn't know that they had pretty much the identical leadership team. So yes I take my comment back since the two companies coming together would be a friendly and easy deal. So perhaps they are looking for something better and a PFC business combination is a fall back option. It still makes a lot more sense to cmbine at these low prices for each company. Safe

[Astralvoyages]

birdie22, it would be normal practice in the UK - where I am from, that those directors that sit on both boards would sit out of any discussions in meetings which relate to both companies. I can'think how they'd be able to put anythying to a vote in this case! posting rules

[birdie22]

If they all sat out there would be no one left to have a discussion with. If PFC comes thru with what they have been hinting at I would think the take over would be somewhat fair as they would not want to p*ss off Sprott and Soros whom I think still own over 20% of RPZ Sprott As at May 31, 2012, the Offeror exercises control or direction, on behalf of accounts fully managed by it, over 12,112

[oilsprings]

im not sure if soros (Quantum) still own pfc shares, but they had several million a two years ago when pfc,s ipo started trading

[birdie22]

From SEDAR posting June 11 2012 from Soros For May 31 2012 date. REPORT UNDER PART 4 FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 1. Name and address of eligible institutional investor: Soros Fund Management LLC (“Soros”) 888 Seventh Avenue New York, NY 10106 Quantum Partners LP (“Quantum”) c/o Soros Fund Management LLC 888 Seventh Avenue New York, New York 10106 2. The name of the reporting