RE:RE:Restructuring?How do you figure that? If there was a complete liquidation at just 70% of current auction prices for drilling equipment there would still be a distribution to common stock holders well in excess of the current stock price. Walter is juggling to do this in the least dilutive or selling of equipment way.
Investors’ fears of losing all give us a chance to buy good assets at 1/9th their value. Unless Canadian law is drastically different than here in the states I am baffled by everyone saying we would lose it all in a bankruptcy.