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Zargon Oil & Gas Ltd ZARFF

Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin projects.


GREY:ZARFF - Post by User

Comment by funfacts2018on Dec 19, 2018 1:54pm
40 Views
Post# 29135954

RE:RE:Debenture conversion

RE:RE:Debenture conversion

My interests are not the shareholder's interests, not yet anyway.

"No quorum" isn't the answer at all.  That just results in the meeting being reconvened later, and whoever is present in person or proxy is now quorum and the vote goes ahead.  The answer is a "No" vote ... 

Back in 2017, the company made the pitch that by extending the debenture maturity we would get a better deal.  In retrospect, we'd have been better off forcing redemption then. So, I'm not buying the pitch that conversion will enhance share price and all will be well ("The market" seems to agree with me on the that, share price is consistently down since the announcement)

I'm happy having interest paid as it comes due in shares at 95% of share value.  Then we'll see what ahppens to oil prices, share prices and all the other unknowns between now and next December.

 

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