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Antrim Egy Share Discussion Threads
Showing 12276 to 12299 of 12300 messages
Hedgehog for far too long supported Potter, and I am not sure they had the vigour to do much about it - I mean, they failed to boot Potter after his recommendation to reject the Sound Oil offer (for no good reason other than to keep his own bandwagon going).
It would not surprise me if Potter were to convince holders that the Company has found a suitable acquisition target and that the equity holders should vote to allow him to have another go rather than proceeding with the dissolution.|
|Potter and the board hold next to no shares so it doesn't matter what they want. Porqupine , or is it hedgehog?, are the biggest shareholders and they clearly wanted the liquidation.|
No - the last paragraph simply means if Potter finds any acquisition target he will try to promote that as a better alternative to dissolution and return of funds - it then enables him to keep the gravy train going...|
|Just speculating, but are they keeping their options open in case another o&g company offers to use their own shares to buy Antrim's cash? Result is we own shares in another o&g company. Doesn't sound very realistic but I can't imagine any other possible scenario that has the potential of generating a greater return to shareholders.|
|A bizarre last paragraph.|
|The ghastly Potter has not yet given up on the idea of not distributing anything but restoring things to enable him to carry on pauperising shareholders, something he is is rather good at.
CALGARY, ALBERTA--(Marketwired - Jan. 9, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.
Antrim Energy Inc. ("Antrim" or "the Corporation") (TSX VENTURE:AEN), today announced the Corporation intends to delist the Antrim shares from the TSX Venture Exchange, which delisting is anticipated to occur at the close of business on January 20, 2017.
As previously announced, it is expected that Antrim shareholders will receive the net proceeds of the liquidation (the "Distribution") to be made following the discharge of the Corporation's remaining liabilities and receipt of applicable tax clearance certificates.
The amount of the Distribution will be determined after repaying the Corporation's obligations and reviewing potential tax and other liabilities of Antrim and its subsidiaries, including the costs of winding up the business and affairs of Antrim and its subsidiaries. The Corporation does not intend to make any Distribution prior to receipt of the applicable tax clearance certificates. The current estimated amount of the Distribution remains Cdn. $0.05 per Common Share. It is not possible to predict when the tax clearance certificates could be obtained as their receipt is outside of the control of the Corporation. The Corporation will provide further updates on the expected timing and process for the Distribution.
The Corporation cautions investors that no Distributions or returns of capital have been declared by the Board at this time. Notwithstanding receipt of shareholder approvals for the matters described above, the Board may at any time determine that the Dissolution of the Corporation is not the best alternative for maximizing shareholder value and decide not to proceed to implement the proposed transactions.|
|Are we nearly there yet or are the directors milking it for all they are worth - barstewards?!!!!!!!!!!!!!!|
|Indeed HP but I note the following so I'm not holding my breath.
The Corporation does not intend to make any Distribution prior to receipt of the Tax Clearance Certificates and during this interval, the Distribution amount is expected to be placed in a non-interest bearing bank account.
it is anticipated that the formal Dissolution and winding up of the Corporation and its subsidiaries will occur in early 2017. It is not possible to predict when a final assessment of the Corporation's 2016 tax return and Tax Clearance Certificates could be obtained from CRA or Alberta Revenue as their receipt is outside of the control of the Corporation.|
|Yep I'm not pleased this is going to drag on into the new year. However the estimated proceeds are slightly higher now at $7.3M from $7.15M previously. Also the £/$ exchange rate has been beneficial recently. Estimated return is 3.1p now.|
|Bunch of pr?cks.
Never run for the benefit of shareholders despite repeatedly stating so.
Now re-distribution is in early 2017. Surely they won't balls this up!|
|thanks fir the responses guys- feels like forever waiting for this to be donw with.|
|Nice spot Langland. That's $250,000 more than I thought they'd have sold it for.
Agree it shouldn't be long. AEY have effectively been in wind-down mode for a couple of years now.|
|Thanks for that langland, should speed the process up.|
|December has been quoted by the company as pay out time. News this week......
|Generally anything from 6 months to 18 months depending upon the complexity of their accounting and tax affairs.|
|when are we getting paid here- getting ridiculous- how long does it take to wind up a company?|
|Well, no date as yet for the return of funds to holders. Potter will try to ensure this drags on for as long as possible, and that can only mean more cash is eroded.|
|Let's face it Greed will do what he does best - draw his salary and Potter will assist him till the bitter end!|
|Be fair they have overseen value destruction on a massive scale and they have to eke out their own remuneration as long as possible so as to ensure there is nothing left other than a couple of buttons and a discarded lottery ticket .|
|Maybe they are just being prudent saying December. Hopefully sooner than that since I doubt they have much to do to wind this up.|
|You should get proceeds paid direct into nominee accounts, around December, or a cheque sent to your home address if held on paper certificate.
There will be a share register taken on the day of cancellation, like for xd etc.
Estimate was for 2.9p a share.|
|Good question Vic. Anyone know how we get our monies?
My broker says ..
With approval of the AIM Cancellation Resolution now having been received, it is expected that admission of trading the Common Shares on AIM will be cancelled with effect from 9 September 2016. On the Effective Date the Depository Interest facility shall terminate and Depository Interests will be cancelled in accordance with the terms of the Deed and your Shares will be transferred to the Company’s Canadian Share Register. As a result the Company’s Shares will no longer be held in CREST and we will no longer be able to hold them within our service. The Company’s Shares will be issued in statement form and we will endeavour to transfer your holding into your own name if possible.
What does this mean? Don't really want to go chasing this.
|Now we've had AIM cancellation, where does our equity sit and how do we get hold of our funds in the future?|