RE:RE:Fiscal SuicideIt is kind of ironic that it was the accountants that figured out how to save (steal) VII by combining and restructuring the debt into (very cheap) longterm notes and then used VII's FFO to:
Pay off their own revolving credit debt
Increase their dividend by 183.33%
Effectively double their market-cap
Slowly buyback each and every share they gave them for their company.
In fact it will be interesting to see which is gone first, VII's restructred longterm note debt,
or their shares.
LOL. Stupid accountants! Don't they know this is an O&G exploration business?
GLTA ARX BULLS
GunnerG wrote: MHP, the company is doing exactly what they said they would do since they stole VII Gen. They said they would buyback stocks until we returned to pre-merger shares outstanding. You jumped out to soon and regret it, ROF. Waaaaaa waaaaaa waaaaaaaaaaaaaa. What a baby.
Also, get someone who speaks well english to proof your post. What the heII are you trying to say here: "Better yet, share buyback do pay shareholders, the only pay the like to Eric Nuttal who has a trading desk that can take advantage of a programed share buyback." Wow
I picture you spitting all over you screen while you type what you is say out loud. Duh
PS In at just over $9