CLIQ is not even a minnow, started in 2012 it had total assets and liabilities in 2013 of just $6.8 m
It's a tiny spec company aiming to buy and sell gas and oil assets. If CLIQ makes an offer it would have to be all cash as
investors wouldn't want CLIQ shares, Perhaps it can borrow against the ROC asset but without its own funds it would struggle to pay a reasonable price. It could make a spoiler bid, hoping to paid off and make some quick cash or make some cash from buying and selling off key ROC assets. Despite its pretentious web site it's certainly not a serious company that can bring development assets to the table and add value to ROC.
ROC Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
HZN Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
