GREY:PRBEQ - Post by User
Comment by
westcoast1000on Mar 15, 2016 9:01pm
94 Views
Post# 24662812
not worth the effort
not worth the effortFagiani,
You have different view than what was said. They said they may run afoul of covenants. They have years to pay interest on the current agreement and would not ever make an attempt to pay it off faster. They did not say they could not make interest payments.
By 2018, they will have valuable assets to borrow against, like reserves, cash flows from sales and cash flows from the well services business.
You seem to be lacking in common sense. If you own 400,000 shares and feel this bad about the situation, why hold?
IGNORE