Replies to post #1385 on Dune Energy Inc.(fka DUNRQ)

[keekee]

I just took more. Compare DUNRQ to BPZRQ, both have about $85 million assets over liabilities, however while BPZRQ is trading above $0.05, we are at $0.15. Now, here's the sweet part, DUNRQ's assets are all located in the US and verifiable, while BPZRQ's assets are all located in Peru. More so, as late as last month, a buyer completed DD for DUNRQ. The only reason it fell through was that management insisted on the original terms agreed in Sept 2014, while the buyer argued that it should be about 40 percent less to reflect decline in oil price. Assuming the later argument is true, ther merger was to be executed at $0.18 per share. That price is still over 1500 percent from current PPS. So, WE BUY AND HOLD!