GREY:LSTMF - Post by User
Comment by
boarderex86on Jul 16, 2016 12:07am
189 Views
Post# 25058255
RE:What went wrong with LTS.
RE:What went wrong with LTS.Actually it all makes sense. The default was going to trigger on July 15th and that is why they had no options left. You should have known that and understood that default of the LOC would trigger simultaneous default of the other debt.
sorry.
bushhog1 wrote: 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