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Permalink Reply by JHH on May 24, 2014 at 2:47

Sorry, forgot to add article.

http://www.heraldonline.com/2014/05/07/5940987/investor-alert-levi-...

jhh

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Permalink Reply by Skip Peel - Mineral Consultant on May 24, 2014 at 3:30

Yes, it is quite common.  Disgruntled shareholders often think that management didn't get the best deal possible under the circumstances.   In a number of cases shareholders and their lawyers file suit with the hope that the buyer will sweeten the deal to avoid litigation.    Levi & Korsinsky appears to specialize in this type of litigation.

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Permalink Reply by Henry on May 24, 2014 at 5:19

This is totally common.  I used to own shares of Pioneer Southwest Energy Partners (PSE).  The general partner for this LLP was Pioneer Natural Resources (PXD).  About a  year or so ago, PXD announced it would buy out all the shares of PSE, for something like 0.2424 shares of PXD stock.  Within a week about 6 different law firms announced investigations into this.  This company of Levi and Korinsky was one of them.  The upshot of it all was that the offer was eventually increased to 0.25 shares of PXD.  Given that PXD shot up during the six months of bickering, I don't think anyone complained, because owners of PSE almost doubled their money.  

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Permalink Reply by JHH on May 24, 2014 at 6:40

Hey Henry, it has been a while.  When i bought Forest stock a while ago it $14/share.  now it's below $2.30/share.  Not a very good investment on my part... but i had high hopes.  Maybe the stock will rise a bunch before the sale goes through.  Been sort of slow here in East Texas.  Keep hearing rumors about the Cotton Valley holding some oil riches.  We finally leased out land out in west texas... but they haven't drilled yet.  Still full of high hopes!  Hope you are making millions!

jhh

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