GREY:LSTMF - Post by User
Post by
orlandoflon Jul 05, 2016 9:34am
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Post# 25022553
3 months with no extension is 8/2/16
3 months with no extension is 8/2/16Just one more month for a deal to happen on the bank credit line.
Mid July on the interest payment past due.
I added 80K shares total - I said I would wait on getting more, but with the improved oil outlook I had to get some. That maybe a mistake, but I still think they can do some deal.
They will be challenged going forward without a restructuring of debt. if they could offer shares in exchange for a lower interest rate that woujld help them a lot.
I hope they ca;n get creative and figure out a way to get a deal done for the short term and to buy them another year of survival for a chance at a rise in oil rpices.