Energy Investing - Vaalco shareholders OK $307M combination; TransGlobe Energy postpones vote - Energy Investing - InvestorVillage


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Msg  452259 of 467390  at  9/30/2022 11:32:42 PM  by

Wilk

The following message was updated on 9/30/2022 11:37:41 PM.

Re: Vaalco shareholders OK $307M combination; TransGlobe Energy postpones vote

 
 Means they do not have the votes.  They will be working the telephone. Don't be surprised if you are a TransGlobe shareholder and someone gives you a call, and tries to talk you into approving the merger 
 
 At the special meeting, VAALCO's stockholders voted (i) to approve an amendment to VAALCO's Restated Certificate of Incorporation to increase VAALCO's authorized shares of common stock from 100,000,000 shares to 160,000,000 shares;
 
Since when did Vaalco need 160,000.000 million shares?  Why the extra shares .  If EGY shares holders don't watch out they will own another energy company bloated with shares.


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