GREY:PEYTF - Post by User
Comment by
alxorenon Jul 27, 2015 5:40pm
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Post# 23964786
RE:RE:RE:RE:RE:RE:Coming Natural Gas Shortage?
RE:RE:RE:RE:RE:RE:Coming Natural Gas Shortage?Joe454 wrote:
Debentures won't bankrupt us , the bank will.
Bank will force us to sell a field to reduce the debt by ~40M$ (so PLT will be forced to sell an 100M$ worth of property for 40M$ just to please the bank), and then will continue to get the increased interest .
It is the 66M debentures I am worried... as they will certainly apply to bancrupcy court and will ask for some settlement combination of cash + new debentures + very large stock dilution ...