Simba Essel Energy Inc SMBZF

3 Strikes

[HeyIrish]

Strike 1: Cancelled AGM (day before scheduled meeting) Strike 2: Failure to convert the MOU with Ajax (into a real deal). Strike 3: Paying debt off with shares. . How anybody thinks this is good news is beyond me. In my opinion Simba has struck out and now must wait its turn to get another chance at bat. Seeing that we are paying off our debt with shares I’d say it appears that we are in the bottom of the 9th and I have to wonder if the game will end before we even get a chance to bat again. It would appear that Simba is now forced to deal from a position of weakness and desperation and I don’t see how this is a position that is conducive to making great deals; as the focus would more likely be centered on survival than it would on holding out for the best possible deal. As the saying goes “Time is money” and it seems we have very little of either of these. I don’t expect institutions to jump all over Simba now and that is what I’ve been waiting for. Large institutions buying into Simba would generate interest in Simba and I was hoping their buying into Simba would cause a major increase in share price. As lushlife posted yesterday “(they’re) gonna need to pull a rabbit out of the hat.” That would seem to be the only viable solution to our problems now. Simba seems to have lots of rabbits but will require a skilled magician to get the trick done properly. I now have an idea why there were so many shares on the bid at five cents yesterday and hope that they are still there today. Good luck to all and here’s to better days ahead.