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diy_investor

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Re: biztech post# 637

Friday, 11/21/2014 3:09:03 AM

Friday, November 21, 2014 3:09:03 AM

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biztech,

The company had until November 14th to close the deal.

http://www.sec.gov/Archives/edgar/data/1081074/000118518514002774/armadaoil8k102214.htm

A Form 8-K filing deadline for most items is four business days after the occurrence of an event triggering the disclosure requirements of the form.

http://www.sec.gov/rules/final/33-8400.htm

The closing of the Purchase & Sales Agreement could have been cancelled since the price of WTI crude was lower than $76.74 on the business day prior to the closing date. The spot price was $74.13 on November 13th.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RWTC&f=D
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