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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Bullboard (OTCPK:ARNBF)

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Comment by BWJohnon Jul 19, 2014 12:08pm

RE:RE:RE:Fire the lot

In my opinion there has been some reckless dealings that have caused my share value to be next to worthless. Before the big announcement Arcan was trending upwards - albeit slowly, then in comes this  ...more  
Comment by ThompsonRob007on Jul 19, 2014 10:15am

RE:RE:Fire the lot

The $'s above assume a much lower debt ratio for 100% Arcan. Their press release states $2.53 NAV at year-end 2013 and a $2.85/NAV in 2012 (P+P) with the debt included. Either way, Arcan's ...more  
Comment by ThompsonRob007on Jul 19, 2014 1:35am

RE:Fire the lot

Spinco = 12.5% of Assets = $0.63/share  2014 Arcan = 100% of Assets = $5.04/share NAV I think fractions are taught in 3rd Grade (not the 5th). NAV is derived from the 3rd party reserve report ...more  
Post by BWJohnon Jul 18, 2014 8:50pm

Fire the lot

 Aprl 26th 2012 report states Arcan's NAV to be $7.28 fast forward to  June 23rd and Arcan's NAV now $0.63! Who's being held accounatable for the this - either someone fudged the ...more  
Comment by pjn0987654321on Jul 18, 2014 12:41pm

RE:RE:RE:RE:RE:RE:RE:think about it......

"paying the debenture holders with stock would require approval from shareholders" One way or another, the debenture holders have to be paid because if they are not, they can force the ...more  
Comment by teeveeon Jul 18, 2014 10:16am

RE:RE:RE:RE:RE:RE:think about it......

I heard LTS was shouting their dissaproval at the annual meeting, vowing to vote against. If so, and CPG also votes against, then the deal is dead as combined, they hold about 38% of the stock (In ...more  
Comment by hardeeharon Jul 18, 2014 6:14am

RE:RE:RE:RE:RE:think about it......

I'm wondering what are the chances that Crescent Point and Lightstream - both major shareholders, not debenture holders - are influencing Arcan in the backing of this deal? It's CPG, LTS and ...more  
Comment by barneymillaron Jul 17, 2014 11:01pm

RE:RE:RE:RE:think about it......

You misunderstand what I am saying. Yes the deb holders are in front of the shareholders but this deal is the only way that shareholders can retain some value and preserve the potential to grow the ...more  
Comment by barneymillaron Jul 17, 2014 10:53pm

RE:RE:RE:Re management

You are pathetic, hiding behind this blog. If you have an "intelligent" comment on the company then state it. Wrong assumption as anyone who reads the garbage that you post will see. Comment ...more  
Comment by barneymillaron Jul 17, 2014 3:30pm

RE:Re management

You are a COMPLETE IDIOT and likely nothing more than a disgruntled x employee.Do us all a favor and get back under your rock.
Comment by seriousinveston Jul 16, 2014 2:56pm

RE:RE:RE:RE:RE:think about it......

If the debentures were to be worth $.50 then what would the Common which is entirely subordinate be worth.  The answer is $0.
Comment by teeveeon Jul 16, 2014 12:36pm

RE:RE:RE:RE:think about it......

LOL....in this case, first it is messy because of the reasons I stated, second, it is moot. Debenture holders would be shooting themselves in the foot to kill this deal as debentures will first go ...more  
Comment by jd43xlon Jul 15, 2014 9:14pm

RE:RE:RE:think about it......

Looks like you are the stupid one. The debenture holders rank above the common shareholders. So when you state that giving the common shareholders money that is owed to the debenture holders is " ...more  
Comment by barneymillaron Jul 15, 2014 5:30pm

RE:RE:RE:RE:think about it......

If you do not like the deal then vote against it or sell your stock/debs. What negative thinkers like you do not realize in your zeal to condemn everyone in the company is that the Board has the legal ...more  
Comment by barneymillaron Jul 15, 2014 5:17pm

RE:RE:think about it......

You do not understand the deal. The debt load is such that development of the asset is significantly hampered. The deal allows the deb holder to get cash at a rate above where most of the deb holders ...more  
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