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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P

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Comment by zendaon Jul 24, 2014 11:45am

RE:RE:new plan of arrangement

Just how many screws do you have loose? I wrote zilch nothing.All I did was post a release for general information.I wrote nothing so why does some total dumbell post "zenda wrote".You must ...more

250

Discussion

Post by jd43xlon Jul 24, 2014 10:52am

teevee

I have no choice but to assume you are working for one of the companies involved. You are full of horseshit.

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Comment by barneymillaron Jul 24, 2014 10:41am

iroctsxv is obviously a disgrunted ex-employee. He does not understand that all financial numbers are audited by a third party and are accurate as to the best of the company's ability. His posts ...more

242

Discussion

Comment by teeveeon Jul 24, 2014 10:21am

RE:new plan of arrangement

There you have it-vote in favor or be prepared to accept less.......THE big questions are: 1. Will LTS and CPG vote against and kill deal, willing to accept the dilution that will follow when ...more

268

Discussion

Comment by seriousinveston Jul 24, 2014 10:16am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Fire the lot

I find it hard to believe that you claim to own no shares and no debentures (for the record I own some of the debentures). Yet despite having no economic interest in this transaction you have ...more

228

Discussion

Post by zendaon Jul 24, 2014 9:30am

new plan of arrangement

CALGARY, ALBERTA--(Marketwired - July 24, 2014) - Arcan Resources Ltd. ("Arcan" or the "Corporation") (TSX VENTURE:ARN) is today mailing the information circular ("Information ...more

315

Discussion

Comment by teeveeon Jul 22, 2014 11:37pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Fire the lot

First, I have no axe to grind as I don't own shares or debentures. Second, you obviously don't understand that if the deal doesn't pass, ARN can elect to pay debenture holders with ...more

271

Discussion

Comment by jd43xlon Jul 22, 2014 9:18pm

RE:RE:RE:RE:RE:RE:RE:RE:Fire the lot

It will never come to that. But I do understand the desperation of someone like yourself who holds the common shares, and is basically powerless.

199

Discussion

Comment by teeveeon Jul 22, 2014 12:12pm

RE:RE:RE:RE:RE:RE:RE:Fire the lot

From that I infer you are willing to be paid in full with shares. Is that correct?

240

Discussion

Comment by jd43xlon Jul 22, 2014 7:51am

RE:RE:RE:RE:RE:RE:Fire the lot

The thing is, the common shares are probably worth less than what Aspenleaf offered. Legally, the debt has to be paid off before the common shareholders get anything, unless everyone agrees to this ...more

245

Discussion

Comment by BWJohnon Jul 22, 2014 12:59am

RE:RE:RE:RE:RE:Fire the lot

You just have to wonder if the people who start attacking others (verbally abusing them) if they aren't insiders and management? Otherwise they'd be all united and sympathetic about ...more

270

Discussion

Comment by teeveeon Jul 21, 2014 11:20am

RE:RE:RE:Fire the lot

The outcome will be very interesting for the following reasons: 1. LTS and CPG could vote the deal down owning 38% of the stock, however, because ARN can pay debentures with stock, if they vote the ...more

291

Discussion

Comment by ThompsonRob007on Jul 21, 2014 10:30am

RE:RE:Fire the lot

I can't comment on the management team because I don't know the people or history. It is strange that Arcan is a light sweet crude producer with great field netbacks who can't seem to get ...more

213

Discussion

Comment by ThompsonRob007on Jul 20, 2014 11:01am

RE:RE:RE:RE:RE:Fire the lot

Prior to the deal being announced I like what I saw with respect to the last wells, cost discipline, and the OPEX holding in at that $16/bbl range. I don't like the hedges or the high ...more

286

Discussion

Comment by barneymillaron Jul 19, 2014 2:14pm

RE:RE:RE:RE:Fire the lot

What would that accomplish? A company that no one wants to work at. Who runs that day to day operating aspects of the production. Breaking the management contracts means no one would work at Arcan ...more

426

Discussion

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