Niko Resources Ltd NKRSF

RE:RE:RE:Level 2 very thin - one NR and this will be flying

[monzie]

bigbird456 wrote:

monzie wrote: Very thin on both sides tho.  One thing I will give the company credit for is that they have been pretty consistent with the NR/Corporate updates of late - they've released 4 in the last 5 weeks. Any noteholders out there here from them yet?

there are many not holders on this board bud. you seem like a honest guy. so let's sell the noteholders gives nko more time time clear thier debt. what is yoir conclusion on this. I see them haveing to sell thier best assets and major dilution to get rid of thier debt. do you see a better senior because I can't. it seems to be the norm in today's market. the bondholders wins while the commons suffer. well wait for yoir reply then I will be gone

Oh I agree bird they are in a world of hurt regardless of the solicitation results. Its a 22 cent stock for a reason. They need money to make money its as simple as that. But what it does do is give the company two years of breathing room to figure things out. Whether they use those two years to just sit at their desks and pray that oil and gas prices go up significantly so they can entice more interest in selling their Indian assets or they use those two years to actively do something about their situation is totally up to them. But either way they'd have those two years which is alot more than they'd have if they had to make those payments or enter CCAA. So thats why the solicitation results is important.