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Bullboard - Stock Discussion Forum Renegade Petroleum Ltd V.RPL

TSXV:RPL - Post Discussion

Renegade Petroleum Ltd > with all due respect
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Post by Uuuummmm on Mar 21, 2014 1:50am

with all due respect

I agree that Renegade brought assets, which according to the free market, were worth about $0.94/share. Then Spartan came along and offered $1.55/share. I am aware that you may think that your shares are worth more(I believe all of us who own shares do). The market took a look at the deal and in the last few weeks have decided that with this combination Renegade shares are worth $1.62. You will have to explain to me why the market decided that the shares were all of a sudden worth $0.68 more than they were before Spartan showed up. Perhaps if you were satisfied with the way things were going ...... maybe you had no horse (money) in the race
Comment by Reflect on Mar 21, 2014 2:52am
RPL mgmt. went against the voters decision & was not an endorcement to do a deal behind closed doors & shut out better offers. With Forefront RPL would have done a reverse split  with new mgmt. which would have reduced the number of outstanding shares in half without having to sell off assets by letting go of the divy. A far superior offer than Spartan's. RPL mgmt. betrayed ...more  
Comment by Uuuummmm on Mar 21, 2014 3:21am
that must be my misunderstanding then... I thought there was a proxy vote dealing with the "Fourfront"issue. However that does not preclude the fact that there is absolutely nothing preventing a better offer from being proposed if anyone at all is interested. The only thing in this agreement is that Renegade cannot go out and specifically try to solicitate a bid. The silence to this ...more  
Comment by Reflect on Mar 21, 2014 3:37am
Explain to me how TD securities & others invest 75 mil to raise Alexander shares from 20 cents to 69 cents & then be allowed to change the name to Spartan & say with four to one & an assumption that RPL with its assets will be considered a friendly take over & the TSX rubber stamp it at 2.60. How can this not be seen as "shady." Fourfront with its reverse split would ...more  
Comment by Uuuummmm on Mar 21, 2014 8:13am
soooo you are saying that Renegade gets to vote on the deal.....thus being able to say no to this deal...seems democratic and a way to let everyone say either yes I like the increase in share price and the deal, or no I believe there is a better deal or Renegade can do better on its own. I like the idea that the shareholders get to decide
Comment by Reflect on Mar 21, 2014 11:30am
The truth is RPL is worth more & is being shafted by a mgnt. that is questionable. Renegade voters did decide & wanted RPL to continue its dividend model. That was quit clear & RPL Mgnt. said this is what they were going to do. Fourfront's offer now looks so superior. Spartan's sp is based on manipulation & price fixing. The same .20 cent Alexander shares that existed on ...more  
Comment by witek on Mar 21, 2014 3:28pm
Wow. Mr.Reflect, Do you have to post these negative comments here everyday ? Don't you have a job to go to or other "more" useful things to do with your life other than spew senseless garbage about Renegade, Spartan and Alexander energy.  thanks ps. I hope you took your pills today 
Comment by Reflect on Mar 21, 2014 6:38pm
Hey witless: maybe you can join Bigass; he lost his brain & can't find it. Maybe two wits can find some grey matter together. I am not a Spartan pumper bottom feeder. I am a Renegade owner & if you owned Renegade you would want a better deal. If you can read, research the white & green proxy papers & you will clearly see that Renegade shareholders were lied too. Forefront is ...more  
Comment by bigask2013 on Mar 21, 2014 7:17pm
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