Twin Butte Energy Ltd TBTEF

RE:Asset sales vs whole shooting match

[PetroExplorer]

It looks like Zargon is selling this stuff to Torc. Nice pop on the Zargon debentures today, going to $81, up $27, meaning people see some hope. (Sorry I missed the chance to pick up ZAR.DB, but so disillusioned with the TBE kick to the groin.) There have to be workarounds, to keep TBE a going concern, while waiting for price recovery: Debentures converted to common shares, some tax pools sold off, a property sold off, a capital injection. Everything combined, can reduce the bank line, and give them more time to recover. Maybe we need to talk to the Chinese, that they could be brought in as a large shareholder/debt-holder, while existing shareholders and debenture holders keep stock in a recapitalized company? Anything better than selling for cash, at the bottom of the price cycle.