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Monday, April 13, 2015 11:00:50 PM
I commented the other day this might happen, on the FINRA delay. That "additional cash" claus, contingency in the original Technis PR probably sank the deal. Either way it doesn't matter. What matters is how fast BYSD spun this off by using same deal dynamics with another company not relative to oil business. Maybe iseeAuto, was a previous player before Technis and jumped back in?..
.. I say The whole thing stinks, but hey, that's BYSD.
IMO, they should of auctioned these wells off professionally to serious oil company bidders with a proven track record, like Harold Hamm's, Continental Resources, Anadarko subsidiary's, Stratex, or similar. Instead they want to frick around with a robot mfg? ..Man! ..that's all I got to say on that one. If BYSD is so rigid in the same framework divy share deal, then get some experienced oil co. that can rework the wells to get us revenues. Meantime BTC, dipping nicely lower, .0005 not to far off..
http://www.thedeal.com/content/restructuring/stratex-takes-bid-straight-to-magellan.php
http://www.croatiaweek.com/7-bids-in-continental-croatia-oil-drilling-tender/
http://finance.yahoo.com/news/continental-resources-adds-oil-acreage-north-dakota-auction-214927571--finance.html
With this great news, Looks like BYSD going to be one of those rare companies to drop on a GC.. lol......
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