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It's a better situation for AQO holders now than it was 24 hours...

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Cabbie

6,532 Posts.

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19/06/14

23:42

Post #: 13548099
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Originally posted by anatol ↑

The situation is clear. It's not a good situation for the AQO shareholders.Hence, the Takeover Panel is here now.

And I told you Magnum Hunter is not going to give up.

The directors of AQO who sold their shares to DLS are not doing the right thing. What they have done could be legal but not ethical at least. I would feel really bad if I was a AQO shareholder when my directors were doing this kind of disgraceful thing to me.

I haven't seen anything like this before. This is another shame for our stock market IMO.

The directors represent the shareholders, therefore they have to do everything for the benefit of their shareholders. They simply should not sell their shares to DLS or Magnum Hunter before the last bid is received. It is that simple!

If I was a AQO shareholder I would love to wait for last bid; maybe 50c, or 60c! Who knows what it would be. An ordinary shareholder can' know the real value of this tenement! Apparently, DLS and Magnum Hunter know the real value and bidding for it. Why not letting them to go the end? That would be the fair market. Otherwise, in this situation it is not a fair market situation for the shareholders. What would be the point of a stock market then!

Yes, the real value for the AQO shareholders would be the price when one the parties left the bidding. That's is so simple. All the other things are not fair.

Also, DLS has all of the technical data about PEL570. They made the 3D seismic on PEL570 without getting permission of AQO (maybe they get an unofficial permission from those directors, we can't know that). So they have a great advantage over AQO shareholder who does not know this technical data and the value which that tech. data creates.

So, we can understand from those unpleasant games that the real value of this PEL570 is much higher than what DLS is prepared to pay while Magnum Hunter is happy to pay the real value. Is it that simple.

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It's a better situation for AQO holders now than it was 24 hours ago - at least we have seen a backdown of sorts to the ill fated "rush" to sell to DLS. See what happens now that DLS is not in the box office seat with their offer. Might see round 5 of the match yet.

NSE Price at posting: 15.5¢ Sentiment: None Disclosure: Unspecified

DLS Price at posting: $1.55 Sentiment: Hold Disclosure: Not Held

AQO Price at posting: 36.5¢ Sentiment: Hold Disclosure: Held
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It's a better situation for AQO holders now than it was 24 hours...

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