Post by
mike49 on Nov 10, 2014 7:01pm
limbo
i too traded in and out around 7,then again at 4.50,and last around buck thirty.good thing i made a little the first time cuz not so good after that(did ok with debs tho).
anyway,i let my attatchment to swan hills blur the writing between the lines.
too fast-too much debt-and the all inclusive mantra that they know how.plus,a few oil co.s taking a stake.....ouch for them.
the shareholders refusing the buy out deal were probably the aforementioned oil co.s(with a push from the really big deb holders) so now what.the intangible is booked accordingly for them but the tangible is still there,albeit at reduced value, but the house is still a house.i think that this share for debt(simplistic i know) deal is going to result in new ownership down the the road and profits only for the deep and disgruntled and that doesn't mean regular share holders.
some of the original staff bolted so having to 'bribe' the remaining crew is understandable but not re-assuring.just means that options,etc. have no value. dedication ?i doubt it.pay me or else the situation gets worse.
the lining here is that these people are becoming unhireable as they should be.
until the next craze i suppose.
hope it works out.