They are just outlining the facts,this was mentioned at the phone in with KH and all the big boys knew about it.There is actually no agreement for compensation in relation to a two thirds sell,in the event of a full takeover it would be 15 million so whatever happens it will be no more than that(dollars)
Does it mean that: a deal was done prior to getting shareholder approval, that the Pertrofact! deal is actually the legal deal at the moment, how can there be compensation due re the new deal if it has not actually been put in place.? I am a shareholder, but am still not up to sped re the workings of this kind of share.
Anyone received theirs yet?? Just read herald article and don't know what to make of it to be honest. Must say farm out surprised me, am of the opinion that working with petrofrac was a great deal certainly would have got more than 1.55 dpb that way too.
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