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Bullboard - Stock Discussion Forum Bridge Resources Corp V.BUK

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TSXV:BUK - Post Discussion

Bridge Resources Corp > how low..

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Post by cfhasib on Oct 04, 2011 3:23pm

how low..

How log this sucker can go? Don't think they will go bankrupt as they have good assets, but the progress is at snail's pace and now even more delayed due to the appeal and other factors. DUH !

391

Comment by CalifDreaming on Oct 04, 2011 8:35pm

BUK can, and likely will, go to 0..Their "assets" are over-encumbered by debt they have no ability to repay. They'll never raise cash in this market with natty looking like it will drop below $3mcf..All "top" management will likely do is milk whatever cash they can scrape together and keep their generous salaries and bennies going as long as possible..Imo, if you can ...more

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Bridge Resources Corp

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