IE - Halted - Bankruptcy ProceedingsDid anyone not see this coming?
Link to release --
Bankruptcy - IE
I wonder what the pecking order is for creditors?
Guarantee the stockholders will be last.
1 - Robert's personal bridge loans to the company.
2 - Debentures (already trading 5 cents to the dollar)
3 - Stock itself (rebounded a bit one oil prices rose a bit and Robert gave more money).
Not sure of the order of 1 and 2...but pretty sure 3 is dead last.
Robert is down to his IVN as his main play now and PGD has an investment.
What else is he active in?
LONG...PGD
EKIM