Myreh, I'd ask this simple question, if you talk to the management. Are the shares that Palasade have received in lieu of a) services already rendered on behalf of CNQ, or for b) services yet to be rendered?
The response would be interesting.
If the answer is a) then what do we have to show for it, and why are Palasade happy to take shares at a premium to the market, if as TPCS has incorrectly stated, CNQ's bank balance is zero? surely they would take stock at a deep discount. I know I would, if that was the only alternative.
if the answer is b) then why are we providing fees up front, unless a deal has been struck, and again,why are Palasade seemingly happy to take shares at a premium if cash was an alternative?
In both instances, it appears to me (with my rose tinted glasses on, admittedly!) that Palasade would like to go for the ride, regardless of whether its payment for services rendered or to be rendered.
CNQ Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
