Jay ..This is basically a 10:1 reverse split for us..they say they will give us $1.08 in AR paper for every PDG share..
If you are going to sell @.99 you are going to loose .09 /PDFG share or .99 AR paper..
Why not just go to default and sell AR for the bigger bight after the close,.
We will have 10 times fewer to sell but worth 10X the $$$$$$..
A late offer could change all this so I will ride over the hump and sell AR and take my chances..I would hate to sell out at .99 and have the offer come in before the close..and who is to say the vote will go through..any thing is possible ..but the worse that can happen is if you hold and go into default you will have at least AR stock to sell and it is not 100%%%$ dog...It is just the way it was done..the mechanics behind the deal and the dishonesty of KXL senior management that educates me never to invest in any company with the existing KXL insiders
PORTEE