RE:RE:Any Followup to Conference Call?Can you post the report . TD report think shareholders will get nothing. Here are the words:
"Impact: NEGATIVE. With another weak quarter and very little short-term
upside visible, GasFrac is, now in our opinion, very likely to encounter
liquidity issues severe enough to contemplate a CCAA filing or a distressed
sale of assets, either by choice or at the insistence of its lender. As a result,
we have revised our estimates, which likely drive the company into a position
of default, although we note that the company is working on obtaining a
waiver from its lender. Although the value of assets should cover debt
obligations, we do not believe equity holders will recover current value in
that event. We are reducing our target price to $0.50 (from $1.25) and
lowering our rating to REDUCE (from Hold).
If there are more reports saying shareholder will get somthing if it files for bankcruptcy, i may consder to take the risk to buy it.