Value Microcaps Motherboard

[cliffvb]

CHAR, Nelson owns 60% of CHAR and from what I can tell, their respective interests in CHAR's reserves are included in their own reserve totals.

Good question about why Lukoil couldn't steal the shares from CHAR stockholders if they want to assuming they buy Nelson. But I don't see that happening.

Lukoil can't force public stockholders to sell but they could delist char to the pink sheets which would not be good for us either. But, and it is a big BUT, Lukoil needs to maintain access to the world capital markets and at favorable rates. They announced that they are going to the world capital markets to come up with the funds to buy Nelson. If Lukoil screws the stockholders then banks and other sources of funds would likely have the same concerns about being paid back as well. Lukoils cost of funds would likely increase dramatically or disappear so they have a strong incentive to play ball fairly here with everyone.

Also CHAR has loans and funding needs itself. Lukoil's best interests as a majority stockholder in CHAR would be best served by making sure that CHAR maintains good and continued access to the capital markets as well. And that includes maintaining an active liquid market in Char stock.