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Bullboard - Stock Discussion Forum Rodinia Oil Corp. V.ROZ

TSXV:ROZ - Post Discussion

Rodinia Oil Corp. > If the company had offers to purchase all of its shares
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Post by stockeditor on Mar 28, 2014 8:54pm

If the company had offers to purchase all of its shares

from an arm's length party for say ten cents, they would be happier letting the courts make the decision to accept the offer. In such a case they would not be held responsible for the valuation of the company. I would like to see something like this happen, its the simplest and the best for the shareholders.

One other fact that comes into play, and its probably why the CEO resigned some time ago, is that this management is still responsible for managing PFC. How do they look to their shareholders if they let ROZ sink, without any plan to bail out the ROZ shareholders. They are going to look pretty bad to their PFC shareholders, and the PFC stock may take a dive. They must have discussed these facts to absurdium, I am sure. I would expect that PFC stock will dive on Monday, as a sign of distrust in this management team.
Comment by mtgfree1 on Mar 28, 2014 10:38pm
ROZ is a completely different company. dead and has ZERO value to PFC
Comment by homeboy14 on Mar 28, 2014 10:59pm
I don't think that PFC will dive -   Jmho - I do think ROZ will find "life" after all - I think that those details will be forthcoming
Comment by stockeditor on Mar 28, 2014 11:40pm
What details, will be forthcoming???
Comment by ardbegoil on Mar 28, 2014 11:58pm
I dont agree that PFC shares will fall on Monday...In fact I think PFC managements decision to de-link themselves from ROZ may actually benifit both companies...Some very difficult decisions have already been dealt with just to get PFC to where it is today and after success is achieved across Australia and NOT just in Georgina Basin the RoZ property will probably be automatically on the radar ...more  
Comment by Rostic5 on Mar 29, 2014 10:27am
Highly unlikely anyone would be silly enought to sell off on PFC minutes/hours/ days before operations is to commence. Believe the plan was for PFC management  to focus on this operation without any distractions going forward.
Comment by casa9988 on Mar 29, 2014 7:19pm
two different companies and ROZ was flatlining for years.PFC on the other has Statoil......sometimes you gotta run for the hills.
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