OTCPK:ARNBF - Post by User
Comment by
zeus55on Sep 15, 2013 9:08pm
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Post# 21741447
RE:Zeus55
RE:Zeus55"Arcan would have taken the first reasonable offer thrown at them"
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According to some people, Arcan turned down a very good offer, even after they knew their production guidance was ridiculously over-optomistic. After that became public knowledge, the potential buyers ran for the door.
Now, they are in the position where they are forced to do just that, take the first reasonable offer, whether it be for DM2, other assets, or (hopefully) the whole company.
I do agree that paying off the debs would be good, although whether or not the company would be a roaring success after that is a matter of debate.
As for why I am here? I own a lot of their debs, and I just want my money back so I can buy something that doesn't make me hold my nose.