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Bullboard - Stock Discussion Forum Zargon Oil & Gas Ltd ZARFF

Energy Oil & Gas E&P
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... see more

Bullboard (GREY:ZARFF)

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Post by stockfyon Nov 21, 2018 4:14pm

Debenture holders will get stock either way

rad10, you keep posting clueless comments repeatedly exposing your ignorance. You have no idea what you own, which industry ZAR is in. You have been a waste of time from DAY ONE on this board.  & ...more  
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Discussion
Post by rad10on Nov 21, 2018 3:42pm

bond investors............

A lot of people see us as passive creatures.........  believe me nothing could be further from the truth.  Check out the armwrestling with Yellow media, IBI group, fortress paper and ...more  
65
Comment by nkbourbakion Nov 21, 2018 3:40pm

RE:RE:If debenture holders say NO and ZAR dies before Dec 2019

At 0.10/share conversion, us noteholders are getting something like 94% of the company.  Doesn't look there's a lot of extra upside to go after IMO so my initial reaction is to support ...more  
65
Discussion
Comment by Bonecreek2on Nov 21, 2018 3:28pm

RE:RE:Craig Hansen, the CEO, is a major debenture holder

Craig has been with Zargon for years & has destroyed shareholder value selling off a lot of good properties & spending the money wrecklessly, if this deal went through I would want Craig gone ...more  
66
Discussion
Comment by Methodon Nov 21, 2018 3:28pm

RE:RE:If debenture holders say NO and ZAR dies before Dec 2019

I think everyone should agree if you own the common here, you should be selling them to buy the debs. You get a tax loss and you replace your shares at over a 30% discount and you can influence the ...more  
75
Discussion
Comment by rad10on Nov 21, 2018 3:21pm

RE:If debenture holders say NO and ZAR dies before Dec 2019

LOL - there is only 3.5 US million in secured debt ahead of us.  I will be happy to wait in turn for a CCAA recovery if necessary........  I estimate the vulture recovery will be over 70% of ...more  
71
Discussion
Post by stockfyon Nov 21, 2018 3:17pm

If debenture holders say NO and ZAR dies before Dec 2019

The debenture holders have to realize that if the cow dies before December 2019, the common stock that they will receive in December 2019 will have zero value. Zero. This is why Craig Hansen ...more  
106
Discussion
Comment by rad10on Nov 21, 2018 3:15pm

RE:Craig Hansen, the CEO, is a major debenture holder

Stockfy - As President and CEO Craig is acting in the interests of the shareholders - which is his mandate.........  The well being of the share holders is not a concern to the overwhelming ...more  
70
Discussion
Post by stockfyon Nov 21, 2018 3:04pm

Craig Hansen, the CEO, is a major debenture holder

Craig Hansen, the CEO, is a major debenture holder. And he suggests that the debenture holders convert their debentures into common stock at C$0.10 at their full value, although the debenture ...more  
107
Discussion
Post by rad10on Nov 21, 2018 2:55pm

10 cents per share...............

It's very clear that this will NEVER pass.   Look forward to receiving the next offer..............
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Discussion
Comment by rad10on Nov 21, 2018 2:52pm

RE:They may go for .05/share,but never .10/share

LOL this came a little earlier than we expected - They want a 30 percent premium for the shares......  I think we will take the 95 % trading average as per the prospectus......................... ...more  
67
Discussion
Comment by rad10on Nov 21, 2018 2:49pm

RE:Debenture holders: Deal or shooting themselves in the foot?

But I thought you said they were printing cash - stockfy....................   
65
Discussion
Post by stockfyon Nov 21, 2018 12:51pm

Debenture holders: Deal or shooting themselves in the foot?

Debenture holders will shoot themselves in the foot if they don't accept this deal at C$0.10 First they will convert their debentures into shares at C$0.10 at full value, there is not a haircut.& ...more  
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