GREY:ROAOF - Post by User
Post by
coffinraideron Dec 23, 2008 10:14am
459 Views
Post# 15663506
Ignore the idiot bashers
Ignore the idiot bashersThis message board is utterly rife with know nothing bashers by the dozens!!!!
Once again
"Yes,RBS extended their LOC...of course they did...a default wasacertainty...what wasn't disclosed was the conditions oftheextention. I suspect RBS will get their money back (or atleastmost of it) when OIL files for Chapter 11.
As that point, one of the majors will swoop in and pick up the assest for pennies on the dollar."
So says basher opto1
"There is still considerable risk here. Since the SuccessFee has been triggered, the thing that worries me (and shouldworry others) is that by someone taking 50% control of the shares,they could do what they want. If that someone is RBS they COULDCONCEIVABLY put Oilexco into bankruptcy and restruscutre (while currents/h get screwed) or do a fire sale on assets to recouploan. Don't go blind into investments like these."
So says basher mrmomo
Firstof all an OILEXCO default and RBC is not even in the currentequation. opto suspects RBS will get their money back or at least mostof it when OIL files for bankruptcy. Then like many here who knownothing of what they are talking about, he immediately contradictshimself with his next line by stating a major will pick up the assetsfor pennies on the dollar.
By picking up Oilexco for pennirs onthe dollar, RBC would not get all or most of their money back with achapter 11 default. They would get pennies on the dollar, a huge lossto RBC.
This board is full of these know nothing basher moronsmasqerading like experts with all their pseudo expert soundingbravado.
There is no bankruptcy coming for Oilexco. A buyout maycome later or may not even be nessesary. What is for sure is fullsupport from RBC to stave off chapter 11 bankruptcy , bridging onebridge loan to another seeing Oilexco through to full production andbouyancy to eventually turn a large profit for themselves which is whatRBC exists for in the first place, that is to keep their starclientel with the biggest potential afloat and not, - as i havesaid before, be so quick to kill off their golden goose and do muchharm to themselves in the process as the desperate and brainlessbashers here would prefer to mistakenly have you believe.