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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Bullboard (OTCPK:ARNBF)

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Comment by teeveeon Aug 20, 2014 8:21pm

RE:RE:the bank calls the shots now.....

if the banks are content to renew the LOC, then debenture holders can look forward to being paid with stock at market prices. I doubt debenture holders  will like that, resulting in a stampede to ...more  
Comment by seriousinveston Aug 20, 2014 7:29pm

RE:the bank calls the shots now.....

Nothing you have ever posted bears any relation to the truth.  The deal had a total consideration of more than 2x the amount of the bank debt.  The company is, to my knowledge, not in ...more  
Comment by rad10on Aug 20, 2014 6:33pm

RE:the bank calls the shots now.....

We shall see Teevee.  Time will tell. Aspenleaf can go enjoy their fishing trip. https://www.calgaryherald.com/business/energy-resources/Aspenleaf+going+fishing+after+Arcan+slips/10134345/story ...more  
Post by teeveeon Aug 20, 2014 6:13pm

the bank calls the shots now.....

next spring when the bank reviews the line of credit will tell all. No better offer came in to trump Aspenleaf deal so if oil prices drop, regardless of hedges, the banks may call the LOC.....then the ...more  
Post by rad10on Aug 20, 2014 2:03pm

adieu Aspenleaf.................

Mr Gould will be moving on................. https://business.financialpost.com/2014/08/13/aspenleaf-chief-bryan-gould-ready-to-move-on-if-arcan-resources-rejects-325-million-bid/?__lsa=6617-2d7f or ...more  
Comment by pennydredfulon Aug 20, 2014 1:27pm

RE:What a waste of time and money

Well   said   .   Totally  out  of    touch  with   the   shareholders   and  debholders  . 
Post by seriousinveston Aug 20, 2014 12:19pm

What a waste of time and money

The Board should resign for wasting valuable dollars on a proposal that anyone with half a brain could see would not get the requisite approvals.  It's my guess it didn't even obtain the ...more  
Post by uogradon Aug 20, 2014 12:02pm

trading resumes at 12:15 EST

I assume shares will trade down, who knows what will happen with the debenture.  this could get Lightstream back in the game here if the prices get pummelled.
Post by showtime5on Aug 20, 2014 11:41am

deal

terminated
Post by oldundrtkron Aug 20, 2014 10:21am

Time of Meeting Today

what is the time of the special meeting today?  i have looked at the materials and all it says is that it will be held 8-20-14. tia
Post by pennydredfulon Aug 20, 2014 9:51am

Halted ?

Shouldn't  the  stock  be  halted  today  pending  the  results   of  the  meeting ?   Thats  your   funee for& ...more  
Post by BWJohnon Aug 19, 2014 8:02pm

Anyone going to the meeting?

If so, please post asap what the outcome is - if it is no - which I am expecting, I for one will be emailing the top brass and say that in light of this vote it is apparent that the majority have lost ...more  
Post by BWJohnon Aug 17, 2014 4:22pm

voted

NO - no surprise hey. This is such a sweetheart deal for the directors and employees who ultimately are the ones who put Arcan into the can.One has to ask why would Aspenleaf be hoping  for this ...more  
Comment by rad10on Aug 17, 2014 12:25pm

RE:RE:take the deal sillies...

Tx Rouski -  I  am more than happy for them to modify the terms of the debenture in 2016.  Generous consent fee, increase in the coupon rate, improvement in the equity conversion terms  ...more  
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