GREY:WFREF - Post by User
Comment by
Reflecton Nov 11, 2015 1:48pm
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Post# 24281741
RE:RE:RE:RE:RE:What is the debt situation?
RE:RE:RE:RE:RE:What is the debt situation?
The Chinese (MIE) are playing us for chump. Bill Andrew looks like a tired, weak old man instead of a shrewd business man unless he is part of the deal to swindle LRE small shareholders. Capitulating to the Chinese after they renegged! Do you think for one minute had oil reversed in price that the Chinese would have let LRE out of the deal. They would have fought tooth & nail to see that the deal was honoured. The Chinese are not to be trusted. Emphatically, NO to this deal.
Let's let the Courts take over & liquidate & appoint trustees. CEO Andrew & the LRE BoD have lost face & cannot be trusted.
We're talking hundreds & hundreds of millions of dollars. Everyone will want a piece & things will come to "light." The TSX is broken & watch how everyone fights like cats & dogs. Even the shorts will lose if they don't cover quickly. This is going to be gong show but I truly believe it'll never get that far.
LRE in the real world produces 36,000 Boed of real tangible oil & NG which is in terms of real money, not a fictious virtual world of make believe shares. Miraculously, a deal will be struck. Psss on the Chinese.