KAR 2.65% $1.47 karoon energy ltd

karoon buy back offer

  1. 1,675 Posts.
    I trade on Fidelity active trader pro on the DOW in USA and can buy in Australia. I just received an alert for a Karoon Gas buy back offer for my outstanding shares. This is not available in the USA. The first alert was 10/8/10 and expires 10/14/10. Presently I own KRNGF on pink sheets. I called Fidelity to confirm offer and they validated the post. I do not understand why and they had no reason for the offer at US$6.02 pere share? Why would they want to do this when the curent price is A$9.23.

    Fidelity in USA is 800-544-6666 (no joke). Could someone call Fidelity or their broker in Austtralia?

    Bob
 
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