GREY:ZARFF - Post by User
Comment by
hawkowl1on Dec 13, 2018 3:21pm
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Post# 29111925
RE:post conversion
RE:post conversion Interest costs saved with Deb's converted amounts to $4.50 per boe produced..
all of it going to cash flow.
With no debt it certainly will be attractive to a private company who wants to go public .
Along with Zargon's significant tax loss credits which are significant.
Will not be surprised to suddenly see a lot of interest when this conversion happens.
A NO vote will drag this on fore ever.
A yes vote could result in a sale of entire company within a few months after conversion.
a price between .12 cents to 15 cents is realistic.