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Equal Energy Ltd. Message Board

weelden_one 2 posts  |  Last Activity: Jul 14, 2016 12:53 AM Member since: Oct 20, 2008
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  • weelden_one by weelden_one Jul 14, 2016 12:53 AM Flag

    The company raised 100 million in cash ,shows a negative cash flow and has declared a share buy back ,the dream we all have is that they finally announce the approval of meridas as in which all hopes are placed.how realistic is that ,firstly the decline in share price seems to show that the buy back program is holding the share price at around 10,if the mngmt would believe in the merits success you would believe they would invest heavily in the company i.e. Buy back shares,sofar I believe the approval agency is waiting for competition to emerge before approval is granted.dreaming that they may sell meridas once approved reduced our debt position but hardly effect the value of the company better to sell the whole of the company for cash .

  • weelden_one weelden_one Jul 13, 2016 1:50 PM Flag

    Before,the pot is devided they first should deliver sofar they produced as usual a lot of wind vague promises and uncertainty if approval is forthcoming ,believe me I have been a shareholder in this company for over 20 years saw the share price double and half ,shareholder confidence it at a low ,if someone wants to buy now is the time if you believe they get approval sofar that s a far way out .

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