Arcan Resources Ltd ARNBF

RE: That's enough for me!

[teevee]

Very good analysis. Management blew up the balance sheet. I believe that if there ever is an offer (best case scenario), it won't come until well into tax loss selling season which should knock ARN down to the $.65 or $.70 level. THE real risk here is that the bankers cut the LOC based on lower production, forcing a liquidation of the company, leaving something between 0 and 10 cents/share after bankers and debenture holders recover their money.