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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Bullboard (OTCPK:ARNBF)

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Post by BWJohnon Aug 06, 2014 2:15pm

Rewarding bad management................I don't think so

I'm certainly not in agreement with this proposal especially while the "jobs for the boys" is still on the table. The entire lot need to be required to payback the bonuses and shown the ...more  
Comment by pennydredfulon Aug 06, 2014 11:41am

RE:News and presentation on website ...

They   are   now    using  YOUR   MONEY     to  buy   your  vote   if   you  vote ...more  
Post by AVandelayon Aug 06, 2014 11:33am

News and presentation on website ...

TWO INDEPENDENT SHAREHOLDER PROXY ADVISORY FIRMS – INSTITUTIONAL SHAREHOLDER SERVICES AND GLASS LEWIS RECOMMEND SHAREHOLDERS VOTE FOR ASPENLEAF ENERGY’S RECAPITALIZATION OF ARCAN RESOURCES ARCAN ...more  
Comment by rad10on Aug 06, 2014 10:47am

RE:This deal is a rip off for 6.25% bond holders

Hi Penny - agree in full ! I knew yellow media and IBG would eventually pass their deals (after a few revisions) - this one is a non starter.
Post by pennydredfulon Aug 06, 2014 10:30am

This deal is a rip off for 6.25% bond holders

At   the  offer  price  of  82.50    6.50%  bonds  maturing   Oct.31 2018  yield   about   11.72%  to ...more  
Comment by pennydredfulon Aug 05, 2014 9:42pm

RE:seriousinvest

He  could   be   an  employee   of  CT     Phoneix    who  will  collect   a  performance  ...more  
Post by jd43xlon Aug 05, 2014 1:28pm

Down on no volume

Everyone has moved on, not willing to take a chance on such a mutt of a stock.
Comment by rad10on Aug 05, 2014 11:00am

RE:There is an option

JD - that is exactly the scenario that will likely pan out ...............................  Alternatively they will modify the 2016  loan. No need to keep the dead wood on life support..... ...more  
Post by jd43xlon Aug 05, 2014 8:56am

There is an option

Vote this deal down, convert the first debenture to shares when they mature, and the share price would likely be about 10 cents. Then the debenture holders would be the largest voting block, and could ...more  
Comment by seriousinveston Aug 04, 2014 5:42pm

RE:seriousinvest

I agree 100%!
Post by stymiedon Aug 04, 2014 1:39pm

This deal has some problems

firstly to require this complex an agreement the lawyers make a bundle. Secondly it doesn't get this complicated unless they have something to hide. Thirdly, the debentures maturity is still 1 1/2 ...more  
Post by jd43xlon Aug 04, 2014 1:15pm

seriousinvest

I think it is obvious that teevee has a lot more skin in this game than he admits to. Either he has a boatload of common shares, or he is being paid by someone to post misleading garbage. No one with ...more  
Comment by teeveeon Aug 04, 2014 10:27am

RE:RE:RE:RE:RE:RE:RE:Are any debenture holders actually voting for this?

serious, For your sake, i hope you are correct and I am wrong. It won't be long now and we shall see the outcome of the vote. As I said, if voted down, in the short term, I expect the stock to ...more  
Comment by seriousinveston Aug 04, 2014 9:44am

RE:RE:RE:RE:RE:RE:Are any debenture holders actually voting for this?

TV you continue to amaze me with how generous you are with your time and how devoted you are to helping the debenture holders of Arn.  You claim to not have any economic interest in this ...more  
Comment by jd43xlon Aug 04, 2014 8:44am

RE:RE:RE:RE:RE:RE:Are any debenture holders actually voting for this?

But they are not continuing to deteriorate. They have stabilized production, while still paying the debenture interest. Remove those interest payments by converting the debentures to shares, and the ...more  
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