Zargon Oil & Gas Ltd ZARFF

ZAR's debentures, the equity deal and Rad10 alias

[stockfy]

Cardboard, you talked about craziness. The craziness has a name. Rad10 alias. Rad10 alias must be the most clueless resident poster. He has made numerous comments full of empty words, theories and endless blah blah blah. He has been a fervent supporter of a NO DEAL based on clueless assumptions.

The facts proved that stupidity and craziness do not represent the majority of ZAR shareholders.

Looking now for a decent deal for the ND assets. 

Cardboard1 wrote: 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

[rad10]

LOL - shareholders?  I thought the debenture holders voted NOT the shareholders?  82% of debentureholders THAT VOTED - voted for the deal.  Many are passive investors that don't even read the materials but go along with the corporate spin.......... So now I have several million shares............  Lets see the great deals materialise.  As for Cardboard - he has held

[Cardboard1]

Rad10, fact is that my average cost of FGE is now much lower than $5 and I expect to make a killing or a higher return than you may have done with your debentures if you bought many years back. Getting back to Zargon, you were greedy plain and simple. This company needs all the help it can get and to stop paying 8% interest rate on its debentures is huge relief. Even companies with significantly

[rad10]

LOL - in terms of risk vs reward I think the following was a better scenario for debenture holders.................   Accept PIK interest in March Preserve seniority ahead of common equity. The above achieves exactly the same result as this absurd rather charitable situation.............  Deferring interest costs to the company but delaying loss of seniority. Sheep do what sheep