Zargon Oil & Gas Ltd ZARFF

Done deal

[rad10]

According to news wire - 80 plus percent want to own a 3 cent stock.....

[pablo87]

Not surprised - guessing bank clients still owned a bunch of debentures - my money is on a merger with an entity with a lot of debt - call it full cycle self dealing by the banks. North Dakota also put up for sale - they have no tax losses down there so losing Debbie interest deduction made that a foregone conclusion.

[Cardboard1]

You guys were wrong and greedy as usual. Who in his right mind would prefer a receivership, massive uncertainty, $5-10 million in cash going to lawyers, receivers, investment bankers while you already get 90%+ of assets in an out of Court settlement? Crazy! Cardboard

[hawkowl1]

You d am right they were greedy ..In this oil and gas environemnt with that fudge packer Prime Minister. doing everything to destroy Canada Rod and gane. .they wanted One Billion share ditution.. No.. actually they wanted you to sell your debentures for p hu ck all. . So if any of you did you got sucked in. I addded to my debentures ..  So good job of you guys to flush out weak hands.. THANK

[rad10]

Gotta feeling this quote is going to haunt you.... time will tell. 

[hawkowl1]

I didnt realize Justine was your bud. lol Oh scary...lol . Time will tell HEY..OMG ROFLMAO

[hawkowl1]

No I think you will be haunted when you see what happens next. And this is the last word.. Move on ..You were wrong .. 82.45 percent.. Please sell your shares at 3 cents now with debentures gone. Go ahead....To think you had a following ....over the cliff .Poor suckers who sold debentures .. 

[rad10]

We'll never know cardboard....  you still owning common shares in fortress global?  Debentures have done well.......    careful what hat you wish for - you just got it....

[pablo87]

The bankruptcy/Receivership narrative was FUD. Co. ended Q3 with $3.5M cash on hand + then borrowed another $5M on an asset they put up for sale a month later. Why would they do that? Because they didn't want to go down that bk path. Plus by late December, the differential was back to normal so the worst was over - it would have been outrageous to bk the co. Following a NO vote. Most of

[rad10]

Good points Pablo - there was no real risk of CBCA - just BS.  So with the debentures out of the way we should see lots of offers for these premium assets......  Some really cookie individuals out there...