Hi All
What a confusing mess! Let's go over what has happened over the last few months and try and make some sense of it.
Late last year out of the blue the JKA BOD and the TPT BOD come up with a scheme to save the TPT investor from the hell that is waiting for them with a duster in Morocco. JKA shareholders try to work out what is in it them and can't find much except increased risk, loss of leverage and doubts about what funds will eventually flow through to the combined entity. Significant TPT shareholders then sack their BOD and via their silence appear to have decided to let the TPT/JKA deal die out slowly. Then suddenly JKA lose their chairman and are left also trying to work out why this has happened? Get the picture? None of this IMO makes any clear sense for JKA holders.
With this deal seemingly sunk I have a suggestion for those JKA holders who really do want to swap their JKA shares for TPT. Wait! IMO if Morocco is a duster you might soon be able to get 1 TPT share for 1 JKA share on market if TPT tanks like NEN did recently on a duster.
Regards,
Chilloutman
O&G stocks are risky so please do your own research or get professional advice before investing in O&G stocks.
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