NPOG Bid Extension Request to Grant Thornton
Attention Guy Odhams of Grant Thornton and Court of Queens Bench: Pinnacle Wealth Brokers and its representatives are representing the majority of the original investors in Northern Patriot Oil & Gas. Pinnacle raised money for Standard Resources and are now combining efforts with the original NPOG shareholders to win the bid for the benefit of ALL shareholders and creditors. Our approach has been fundraising with one of our existing Oil & Gas issuers Canadian Coyote Energy Trust who is obtaining financing for the remainder. The response from investors has been positive and momentum is strong on our end, however the President of Canadian Coyote has told me they just haven't had sufficient time. This is what he told me: "I checked my email and the first contact I had from Peters was on May 9 and if I remember correctly it was not until the following week that all the information was available. My position on the timing is it is short and limits potential bidders in a difficult market. Most bidders couldn't even attempt to get their analysis done plus put financing in place in under 45 days. Its atypical to have anything under 45 days. Even a stock exchange allows 45 days from when all the information is released." Some new information was added to the data room June 10th. We are asking you to extend the bid for at least 2 weeks to allow every bidder a minimal amount of time to complete analysis and arrange for capital. We believe this decision would be for the betterment of both the creditors and shareholders. As it stands now we cannot comply with the request to submit an unconditional bid. Here are some signatures of support from both the largest investors and sales agents that represent a majority of the NPOG investors. Sincerely, Darvin Zurfluh Pinnacle Wealth Brokers Chairman
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