RE:RE:RE:Lots of emotion. We need to hear from Walter
That would be nice. But with the lion's share of stock held by officers and lenders, and the SP already in the pennies, there's probably not a lot of incentive for them to fit a conference call in with what is probably already a hectic time for them. Sad to say. Let's keep in mind the base reason that lenders are holding off. Regardless of what happens in New York and Toronto with the stock, the operational side of the company continues to produce out there in the wilds of South America. Booked contracts, spread over the existing fleet after rig sales = acceptable rig usage. Which means money will continue to be generated, so long as the drills keep spinning. The lenders don't wish to say no to this solid revenue stream in the coming year. So the company - in some form - must continue to be. Any you're right, the details of exactly what form are what we are waiting on, and what muddies the water. But I do think the 'all is lost' crowd is ignoring the basic reason of why it's Chapter 11, not Chapter 7. Because there's one cash cow standing over in the corner of this zoo, and it's the one thing no one wants to kill.