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Simba Essel Energy Inc SMBZF

Energy Oil & Gas E&P
Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Simba Essel Energy Inc
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Comment by HeyIrishon Mar 03, 2014 6:44am
195 Views
Post# 22271432

RE:RE:RE:RE:a plot

RE:RE:RE:RE:a plot
Schmid wrote: People accepting shares for debt is one of the best indicators of a company's future
prospects.  It often results in re-newed confidence in companies going through financial hardships.  That they would for-go cash payments and take a stake in the company is an endorsement of the company.



I'll agree with you completely if the price of the shares used to settle the debt is at nine cents or higher. However, if your choice is not getting paid at all or taking some shares what would you do? If the debt is in the thousands of dollars and I'm an unsecured creditor then I'd take the shares. I the debt is in the hundreds of thousands of dollars or more and my position is secured I'd take action and not the share offering. Those are jus my thoughts.
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