GREY:TBTEF - Post by User
Comment by
smittigatoron Jun 06, 2016 10:55pm
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Post# 24940255
RE:interesting reading in the wordings of credit agreement
RE:interesting reading in the wordings of credit agreement there is no court in the land that will let this company go under with the equity position they have, they have also openly stated that their break even point was $40 a barrell and have full option available for conversion of debt. the directors and officers are not walkig away with a new job at a new company and a compensation package to boot.
they will no doubt be coming tothe table with a structured merger which reflects the current market value of the stock less debt, a premium will no doubt apply and we will likely see $.30 to $.45 take out pricing. anything less and somebody is going to jail