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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Watching the Performance of Arcan's Stock
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Comment by LongoGlueStickon Nov 11, 2013 11:59am
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Post# 21894224

RE:RE:RE:RE:Watching the Performance of Arcan's Stock

RE:RE:RE:RE:Watching the Performance of Arcan's Stock
They have 300+ million is debt.  They have no choice but to sell something to meet their debenture obligations - otherwise they go bankrupt.  The market knows Arcan is in distress and they are going to take advantage of that fact.
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