re: Ann: OXX: Proposed Merger with Peak/Under... wBill, all the upside if there is any gets assumed by OXX, whilst the down side gets crystalised by PKO holders.
Bonita is a moot point, its now blowing in the wind, and just as likely to be snapped up by Cadco IF that partnership is still in play (who would know).
Jesus, these guys could have laid down a died a few years ago and saved everyone the grief.
That said this deal will go thru, since there is no other option, and Albers/Sketetee/other directors control +50%.
You'd be better off buying OXX after the down slide, and OXX will go down on this deal, cos with out looking, I'll bet they don't have a lazy 10 mil lying around.
I'll keep an eye on OXX next year, but these f*****s are finished.
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