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Western Plains Petroleum Ltd. WPPTF

Energy Oil & Gas E&P


GREY:WPPTF - Post by User

Western Plains Petroleum Ltd. > New to the board
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Comment by geeps2015on Jan 08, 2013 12:21am
212 Views
Post# 20808452

RE: New to the board

RE: New to the board

Easy:

-The company is out of cash;

-The company's credit is stretched to the max;

-The company is barely breaking even.

Don't let people fool you into thinking a large shareholder trying to bail out is causing all of the company's woes.  Market forces dictate that if the company was profitable, the share price would be increasing.  It seems selling the company at a rock bottom price or a recapitalization gimmick are the company's only feasable options. 

Please Mr. Forrest, prove me wrong!

Geeps2015

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