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Bullboard - Stock Discussion Forum Bellatrix Exploration Ltd (Canada) BXEFF

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's... see more

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > Partial Sale or Joint Venture
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Post by RichyRich$ on Oct 19, 2019 5:54pm

Partial Sale or Joint Venture

Remember the release on October 2 said many options. Could be a partial sale. Say just the Cardium lands and the company and shares go on with Spirit River NG. Or maybe a joint venture or just refinancing. MJ... your claims of an all or nothing options doesn't sound accurate. Where's this Creditors List you mentioned?
Comment by mjhayman on Oct 19, 2019 6:00pm
The link was posted on here, I saw that just not the sales process until yesterday. I completely agree all this should be available but everything is owed NOW. All the bond money is the problem as per Shane as of now and now the 15 million loan is a self induced pain, I wonder how much of that they have used, and have the CEO and other been punted? Or are we still paying them? I'm going to try ...more  
Comment by mjhayman on Oct 19, 2019 6:03pm
If a guy like George Fink could call up National Bank or whoever and convince them that there are better cheaper ways of running the company, maybe logic would win at the end of the day. But there are just too many good companies to be had at these prices as is. Terrible terrible timing!!!! Eshelman is trying to steal this company!! He's disgustingly greedy 
Comment by RichyRich$ on Oct 19, 2019 6:10pm
MJ... dude... the Creditors link on here by leo101... MikeTrike added it all up posted it totals only $16 Million from small Owings. Where is the $110 Million Owing on that list as you just mentioned a few hours ago? Nothing you post makes sense or logic. You were trying to imply that the $110 Million the banks forgave for the common shares was on there. It's not. That list adds up to $16 ...more  
Comment by mjhayman on Oct 19, 2019 6:25pm
Jesus of course that's just supplies coffee companies etc. I am not a book keeper but we all know about the debt conversion at around 110 million 4 months ago? Don't we? They were mentioned in the sales process link were they not in the second tier liens were they not? That damn sure wasn't all stock!! They are gong to get some of that back in the sale I would imagine they fetch every ...more  
Comment by RichyRich$ on Oct 19, 2019 6:29pm
The Sales link just shows the process of accepting bids. It does not mention creditors. You're making stuff up again. There is no $110M from a debt conversion mentioned in the sales links. Did you even read it yet? The one MikeTrike posted today just explains the process.
Comment by mjhayman on Oct 19, 2019 6:32pm
Would you shut your face and scroll down there are three pages there moron
Comment by mjhayman on Oct 19, 2019 6:41pm
I can't find his link made a point of first and second tier debt and the 110 million was mentioned in the second tier paragraph. Shane mentioned third tier (which he didn't think the bid would touch)  before shareholders and is close to if not 400 million all totalled not even touching us at 15 million 
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