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Twin Butte Energy Ltd TBTEF

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Bullboard Posts
Comment by qwqwon Jun 29, 2016 11:48pm
211 Views
Post# 25011098

RE:RE:RE:RE:IMPORTANT - reply from RWollmann and A Steele

RE:RE:RE:RE:IMPORTANT - reply from RWollmann and A Steele "I would much rather see CCAA than a successful vote!" 

So would I,but unfortunately for us that ship has sailed.The next ship to sail is
called the RMS Titanic aka bankruptcy.Technically a company has to go into CCAA
before it defaults.Twin defaulted a couple of months back and has been getting waivers
from the banks ever since not to force bankruptcy.How much does it cost twin every time
there's a new waiver?You don't want to know.Had they gone into CCAA earlier
the debenture  holders would likely ended up with most of the company.
Since insiders didn't own any debentures,guess what?


Bullboard Posts