GREY:LSTMF - Post by User
Comment by
bushhog1on Jun 08, 2016 9:01am
157 Views
Post# 24945328
RE:very interesting situation
RE:very interesting situationThe last time oil was at these prices, LTS was trading about $0.60
This fear of bankruptcy is overblown.
LTS has until the 28th of July 2016 to fix this $121M overdrawn
and they said this could be done by the end of June 2016.
They also laid out their options.
Comparing LTS with BTE.
Bookvalue BTE($0.02) LTS ($2.40)
Overdue Debt ( $209M) LTS ($0.00)
Only ny opinion