GREY:WONEF - Post by User
Comment by
HCI_STEELon Mar 18, 2015 7:25pm
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Post# 23536288
RE:RE:9M a year in interest on the debs alone
RE:RE:9M a year in interest on the debs aloneI disagree as to why they eliminated it. More likely the banks required it in order to renew their line of credit. Also it seems clear they don't have the revenue coming in anymore. Why is that you ask,....because they are clearly more impacted by the O&G sector for survival (income) than the CEO portrayed when he tried downplaying the impact the O&G sector has on the company when he spoke in December. Guess he didn't know what the company was involved in when he took over lol.
All imo.