Surge Energy Inc (Alberta) T.SGY

Back up the truck

[pennydredful]

Cash   flow estimate    2.94      vs.    share    price   .44 times 8.5  is   3.74     multiple   1.27  times !!!!!!!!

[winterishere]

Sounds wonderful but it also sounded wonderful when I bought at 60 cents.  I can't wrap my head around how the debentures are being paid out, 43 shares for $1000 debentures doesn't make sense. Have you figured it out?

[pennydredful]

Yep  .   the  debenture    you   refer   to   is convertible   at    23.25  per   consolidated   share.  At  this    point    that  seems  unlikely    to  happen.  The  options    available&

[pennydredful]

The needed   cash   could   come  from any   or  a  combination  of  all   of  the following  :  cash flow  ,  sale   of    new  convertible  issue(s) ,  sale  of assets,  increasing  bank   loan,  sale  of  more