OTCPK:VGIPF - Post by User
Comment by
Gasman16on Jun 19, 2013 12:29pm
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Post# 21542819
RE: RE: RE: aRE: $1 just.35 - $1.50 a definite pos
RE: RE: RE: aRE: $1 just.35 - $1.50 a definite pos We know the higher than expected debt is based off of one-time transaction related expenses resulting from what can only be deemed as a really bad miss by our executive leadership team. The paydown of this should get addressed in the strategic plan. The issue of concern for me is if the decline rates on the new acquisition are indeed substantially higher than projected - which was definitely factored into the dividend calculation. Operating results should shed light on whether this is an issue or not. If these rates are in line I think the SP heads north. If not, we could be in some trouble.