GREY:BLKCF - Post by User
Comment by
jim_nasium99on Mar 01, 2009 9:12pm
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Post# 15812718
RE: RE: RE: Challenger Energy Corp. Obtains Court
RE: RE: RE: Challenger Energy Corp. Obtains CourtMy understanding is the loan is due tomorrow to Superior and as they clearly don't have the $14 million or even the interest, that is why they went under on Friday night. CWB knew this was going to happen which is why they called Superior's loans earlier in the week.
You could argue this is priced into the market already so it is possible the stock price will not get hit too bad tomorrow as the company is still running their show.
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Someone is picking up the intrest on chq debt for shares . Why is that ?
This looks like a huge risk reward situation on the reward side to me Cheaper to buy a dicovery then to to drill one
IMHO