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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Fire the lot
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Comment by jd43xlon Jul 22, 2014 7:51am
238 Views
Post# 22768525

RE:RE:RE:RE:RE:RE:Fire the lot

RE:RE:RE:RE:RE:RE:Fire the lot
BWJohn wrote: They (Arcan executives) have managed to snatch defeat out of the jaws of victory - demostrated again  by bringing forth a prosposal from Aspenleaf that was almost 20% below the current share price - what's that but inept management!


The thing is, the common shares are probably worth less than what Aspenleaf offered. Legally, the debt has to be paid off before the common shareholders get anything, unless everyone agrees to this proposal where money gets taken from the debenture holders and given to the common shareholders. That is the issue.
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