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To: Horgad who wrote (412853)12/27/2010 10:07:40 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 436258
 
You'd think......but no, I'm still underwater @.55 that's how they valued the all stock swindle...it's not even trading @.50

Bullsh*t is my vote

NGAS is a British Columbia corporation, therefore a Plan of Arrangement (Canadian Plan of Merger) will be filed in British Columbia in order to complete the transaction. Such Plan requires a two-thirds favorable vote for the transaction by the NGAS common shareholders and the issuance of a favorable Final Order by the Supreme Court of British Columbia. NGAS intends to distribute a Proxy Statement as soon as practicable to all NGAS common shareholders announcing a shareholder meeting whereby NGAS common shareholder approval of this transaction will be sought. Issuance of Magnum Hunter common stock will be exempt from U.S. Securities and Exchange Commission registration requirements due to the aforementioned Canadian court approval. The transaction is expected to close by March 31, 2011 or soon after that date.