PEZ have no intention to scam shareholders, they were just...

First 10 Last

Share
Profile

Follow
DONACO88

4,427 Posts.

77

18/01/18

12:27

Post #: 30393760
Share

Originally posted by htran7528 ↑

Wait for it.

I’d say within 3 months. They will find the money to payout the bondholders. Liquidation will then be suspended

Also note, oil price hadn’t been kind to them for the past couple of year. However, the last 6 months. Have been really good.

They have 120 mil cash. Use as working capital. Divide that by 917 mil share. It work out around 13 cents per shares.

cash use as working capital, not free float cash in the bank..

The majority holder/owner hold 80% of the company. There is no way he is going to let the company be liquidated

Even if liquidation were to proceed, owner will/should be cooperative. Because he own 80%. So it is in his interest to get the best possible price for the assets.... why steal when you can get you cash the legal way..

it should also be note that owners, never sell a single share in the past 3 years..

bondholders were the sellers.

IPO at 20 cents was overpriced, this should have been IPO at 10 cents. Bondholders swap debt for shares at around 6 cents, just before IPO.

My guess is, we’re looking at around 10 cents per share return if liquidation proceed. However, I think it is very very unlikely liquidation will proceed.

iam in at 1.9 cents, liquidation payout somewhere between 5 - 10 cents will be wonderful. can’t complain.

unlike XPD, i don’t think there is fraud with this company.

PEZ float on the asx, so they could cancel the debt

Expand

PEZ have no intention to scam shareholders, they were just caught out with bad timing.. oil price has been in decline for the past 2 years.

XPD on the other hand, are scums.. they intentionally plan to scam, and fool even me for the past year.

PEZ Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

ASX hits all time high out the gate on Friday trades following bullish US inflation data

GED

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

There are more pages in this discussion • 90 more messages in this thread...

First 10 Last

Add PEZ (ASX) to my watchlist

PEZ have no intention to scam shareholders, they were just...

Top Stories

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nimy to raise $1.21M to explore 'newsy' WA targets

Featured News