merger details out, page-183

the SEA deal is a joke

the argument that SEA deal is great just because negotiations failed to get a deal over the line doesnt cut it with me. if its broke, fix it, if your not making it on the negotiations table, change it up and get those who can to do it for you..

imho the directors of SEA need to be charged with grand theft and the directors of Texon with incompetence to try and sell efs acres for $12k an acre.

how can anyone justify the price given?

imho a credit facility and a well planned drilling program is the option that the demerged efs entity should be looking at with a continued view to sell, but to serious contenders, and with an oil field broker that is capable of success in the efs.. we dont need rival neighbours scoping you to see your weaknesses and then trump you with permits on your boundaries.

demerge the efs ASAP!! and get on with a sale.. get real on EFS prices and get it done.

there are plenty of contenders wanting prime EFS acreages.. use the people whom are getting the job done and get it happening..

4 months still, if the deal is passed by the shareholders... work at it solid and get it done.

they are structuring the deal in a way where they have no option by choking the company with cash burn.. but to commit commercial suicide with a cash burn frenzy to attempt to seal a deal that forces shareholders into a corner, its a deal could go sour and has out clauses for SEA, leaves me on edge..

why doesnt the shareholder first get to vote on the merger before the cash burn goes ahead? why not allow a vote for a demerger first and then a vote on a merger and the cash burn later?

TXN is dictating the deal, not offering it

i dont approve of it.. the processes are wrong, and will vote accordingly..