OTCPK:ARNBF - Post by User
Comment by
rad10on Jun 24, 2014 12:20pm
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Post# 22689705
RE:the bottom line.....
RE:the bottom line.....That would be the official POV teevee. But really - 50 cents on the dollar for the debs? Check out the reserves...................
https://www.arcanres.com/wp-content/uploads/2013/04/CALGARY-31088719-FINAL-Arcan_-_2012_Year_End_Press_Release.pdf
The deb vote will probably not pass. A better offer will probably be at the expense of equity holders.
Insiders own less than 3% of the equity - and one of the execs sold common stock to buy debs last year. 1.5 million shares have already changed hands this morning at a big discount..........................