RE:RE:RE:RE:RE:Kicked off TMX to Venture exchange may be next
you have answered your owns questions. why would I do it for anyone when I have done it hundreds of times. if they want it, do it yourself, and if I did, not likely I would ever shares it with people here. I have posted here, facts, on how a company with almost no production (petrobank), forced out Ranger oil (80,000 BOED). Its a fact, and when you get bloated inept organizations, which this appears to be, it invites it. Bellatrix is now 30% owned by US hedge funds. This company with barely 3000 BOED .... who told the world on Jan 22 they would build their asset to handle their debt obligations coming due, 3 weeks later is now announcing they are sitting down for 6 months. this will of course make it impossible to grow the asset now won't it? So for sitting down, we are paying the highest salaries of any company producing these volumes, especially sitting down. And, buying no shares of their own company to save themselves. Its socialism in the oil patch. They should at least buy back debentures at 50c on the dollar to lower their debt if they are going to do nothing. So they company is really a property with tax pools, and before its run into the ground, either step up and get with it, or sell the company. Its like none of these people have any friends that will pay 11 pennies for a shares? It makes no sense, something stinks. Like others, I saw the good wells .... I saw the 35m cash deal come, and I read that they were going to build the asset to pay their debts. All made sense and very doable. Instead, we find out its vacation time for 6 months. Debenture due in 11 months, production will likely decline below 3000 BOED by then with no drilling, and all the cash will be used to pay the debenture, and then in another year another debenture comes due, and its game over with nothing left. Total disgrace. And I believed them.