Post by
RichyRich$ on Apr 24, 2020 6:43am
Banks Refinance...
If this is the deal. The bank/lenders would lose $300M + $110M in common shares they swapped debt for. Why wouldn't they just renegotiate the debt to a new term and keep the company going? Bellatrix was still able to make the interest payments with AECO NG trending up.
Comment by
mjhayman on Apr 24, 2020 9:33am
They sold the shares, remember when you were informed of this 24 hrs ago?
Comment by
RichyRich$ on Apr 24, 2020 2:23pm
Well MJ... I have a weird rash the banks!!! I'm claiming bankruptcy! I have $100k in debt. They wanna screw us. I have no problem to screw the banks then! This was the banks that screwed us. Because they could have renegotiated the debt to keep the company going.