Second Wave Petroleum Inc SCSZF

BAM CONSPIRACY against SCS shareholders

[puntabeach]

I  believe  BAM   "created"   the   drop  of  SCS  to  buy  it  as   low  as  possible. They  created  the  negative  sentiment,  the  lack  of  news   for   5   months     etc.   The   highly  incompetent   CEO  of  SCS   (that   Colin Witwer)    facilitated   BAM  plans  too....he   overspent  for  3  years  in  a  row  as  he  admitted  at  the  latest report.

 

COLIN   WITWER   should   NEVER   find  a   job  in   CANADA   apart  from  a  TRASH  COLLECTOR.

 

Fortunately  the  retail  shareholders   understood   the  BAM  conspiracy   and  sold  ONLY  6   million  shares   out   of    45   million  shares   they   own.  This   is   a  very  small  amount   of  shares   obviously.

 

Now  their  plan  is  to  merge  SCS   with  ISN     and   sell   them   as  one  entity.  ISN  has   UNDRAWN    CREDIT  FACILITY   equal   to    35   million   which  is   more  than   enough  to  cover   the   reduction  of   30  million   from  SCS   credit   facility.  The  new  entity  will  have  5,500    boepd   production  and  a  credit  line  of  ~$100   million    which   will  be  fully    drawn.