LGX Oil + Gas Inc ROAOF

Opto1 is a basher

[coffinraider]

"Yes, RBS extended their LOC...of course they did...a default was acertainty...what wasn't disclosed was the conditions of theextention.  I suspect RBS will get their money back (or at leastmost of it) when OIL files for Chapter 11.
As that point, one of the majors will swoop in and pick up the assest for pennies on the dollar."
So says basher opto1

First of all an OILEXCO default  and RBC is not even in the current equation. opto suspects RBS will get their money back or at least most of it when OIL files for bankruptcy. Then like many here who know nothing of what they are talking about, he immediately contradicts himself with his next line by stating a major will pick up the assets for pennies on the dollar.

By picking up Oilexco for pennirs on the dollar, RBC would not get all or most of their money back with a chapter 11 default. They would get pennies on the dollar, a huge loss to RBC.

This board is full of these know nothing basher morons masqerading like experts with all their pseudo expert sounding  bravado.

There is no bankruptcy coming for Oilexco. A buyout may come later or may not even be nessesary. What is for sure is full support from RBC to stave off chapter 11 bankruptcy , bridging one bridge loan to another seeing Oilexco through to full production and bouyancy to eventually turn a large profit for themselves which is what RBC exists for in the first place,  that is to keep their star clientel with the biggest  potential afloat and not, - as i have said before, be so quick to kill off their golden goose and do much harm to themselves in the process as the desperate and brainless bashers here would prefer to mistakenly have you believe.