Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:goal11

[ayashifx55]

BASTILLEDAY4U wrote:

MichaelSilvia1 wrote: I'm averaged down to about $0.75. Hoping for a buyout at $0.30/share + debentures at 75%. If that happens, I will actually be in the green.

If we get a buyout any better than that, I am breaking out the champagne.

The only thing that makes me somewhat confident is knowing how much inside ownership there is. The CEO, CFO, and former CEO own millions of shares at a cost of over $1.
Brussa bought 200K shares back in October (at $0.30 or slightly above), and he doesn't want to lose that. (Brussa was also a director with LRE who helped them secure the deal they got.)

So management doesn't want to just hand over the keys to the banks. And the banks don't want the keys either, as it didn't work out well for them in the past (see: Spyglass). 

There is a risk, which is why we are trading at $0.10. But I don't see this going to $0.00.

Yes, banks don't want keys, it involves lawyers and thousands of dollars of extra cost. TBE has some nice assets, if they have to be sold, so be it.

No way they will sell their assets. They need it to continue to run the company. There's only three possibilities here. 

1. Arrange something with the bank
2. Get bought 
3. The worst case : Bankrupt.

The more oil recovers, the better chances of survival TBE has. Remember, the more risk it involves, the higher reward it is. Don't put all your money into this stock. If the company announces some kind of positive news before the 29th april such as , "TBE is pleased to announce that the company as entered an agreement ......"  , this stock will fly back to around 0.15$. The oil recovery will help it get back to 0.15-0.25$ territories.