GREY:LSTMF - Post by User
Post by
bushhog1on Jul 15, 2016 12:45pm
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Post# 25056372
What went wrong with LTS.
What went wrong with LTS.At the end of Fiscal 2015 LTS was able to pay all their expenses (included interests)
from their Cash Flow.
They even had an excess Cash Flow of $87M that they used to reduced
their Long term Debt.
A few months later, and with oil prices going up,
how can they be in deep trouble and are trying to dilute
Shareholders with billions of more issue shares.
Smaller Companies with bigger default Debt payments
are still around and didn't had to issue more shares.
Don't make sense
Only my opinion