Arete Industries (ARET)

[StreetInvestor101]

"Now they have to tell the world what the deal is with the merger"

Your exactly right. At the hearing they will need to expose their future plans, especially their business plan.

The only way that they can remain listed if they're going to have progressive developments, such as a MERGER for example.

If they didn't have any positive progressive plans in the works, they wouldn't have paid the $4,000 for an appeal to try and prove their case.

Well, we know that positive developments are happening based on this :

"On August 23, 2006, the Company signed a definitive Purchase Agreement to acquire a 4.5 mile pipeline in Campbell County, Wyoming from PRB Energy, Inc. The Company has arranged short-term financing to enable it to close on both the Montana wells and the Wyoming pipeline. The proposed acquisitions of the working interests and pipeline will provide cash flow to service the acquisition debt and allow the Company to hire management who will oversee the growth of the Company. The convertible debt will also provide for capital to acquire a gas distribution pipeline that we will have signed acquisition agreement for $330,000 with PRB Energy Inc. by the close of business August 22, 2006 to close in early September 2006. We have a letter of intent to acquire two working interests of oil & gas properties owned by our merger candidate. The purpose of the acquisition of the working interests and pipeline is to provide cash flow to for the convertible debt and set the operations needed to allow for the acquisition of the balance of the merger candidates properties that include oil and gas properties in Montana, Wyoming, Colorado, Kansas, and Oklahoma. These properties include PUD’s and off-set opportunities with most of the leases. The plan also includes financing for the drilling of these opportunities and development of the sites."