This may very well be bought out as you say. It is still not clear if they will be given a fair price even after the contract is signed. Fecof owns shares in forum energy, not in pxp energy. So even if the price in pxp goes up 2,000% it's is possible that fecof goes up only 500% as to the fact that pxp has more publicity and is more liquid as far as institutional buyers go. Pxp also has the argument that they have 3 contracts and can grow their company demanding a P/E ratio where fecof cannot make that same argument.
In the example where fecof goes up to .6 pennies even after the contract is signed, and since it will be years before forum energy, the holding company of the sc72 contract, actually makes a profit, it can be easily feasible that pxp buys them out at 9 cents a share with the argument that they gave fecof a 50% premium to their current market price of 6 cents(example only). Pxp has the voting rights and can do that at anytime without anyone else's permission. That's one of the reason I'd seriously like to get a few of us together after the contract is signed and have a lawyer representing us in a shareholder class action, to write them a letter asking them information of all the previous times they siphoned shares away from fecof in all those previous years to keep them from easily doing so again in the future, by fear of a criminal investigation looming in the background. To assume that fecof would be fairly priced or even anywhere near its real worth, all I have to do is point at their pattern historically. They once had 25% of fep.l and yet never made past 7 cents and yet pxp became a billion dollar company for having twice as many shares. I guess proven deposits can demand a higher market price even for fecof in that kind of publicity. All one needs to read is that pxp has 70% of that contract by indirectly counting fecofs shares too. If that brings even just a couple of institutional investors on board this might also help keep criminals at bay from cheating fecof completely. They'll have to buy fecof the company and not just steal the forum shares for nothing. And yet it won't be near the same value that pxp will be represented by its own forum shares. Makes apx and pxp look more attractive to me the more I think about it.
