Replies to post #6688 on Addax Petroleum (fka AXC)

[oil-cowboy]

Is there really a choice in the matter?

It's a lock IMO

[seek the light]

My belief is most will vote for the RS. Especially those who bought and averaged down in the spring of this year. IMO, the company has made it clear for some time that the primary reason for a reverse would be to accommodate a strategic investor. Most bigger O&G companies or other investors would be embarrassed to the point of no action to acquire shares at sub penny price, imo.

So if you want the plan to be carried out, it is best to support the RS. I believe management will be proactive in supporting the price in December. After all they have skin in the game now.