GREY:LSTMF - Post by User
Post by
uogradon Jun 14, 2016 10:10pm
298 Views
Post# 24966161
looks headed for one of two outcomes
looks headed for one of two outcomes
Of course the cryptic message can be read in many different ways but here is my take.
I don't see why the debt guys would want to convert to equity so I think that scenario is unlikely. They want their cash or want to get out of dodge and move on.
So I see things going one of two ways. Either there will be a lifeline buyer from China probably after some of the existing assets are sold anyways so the shareholder will vote on the deal like Long Run or they fold their tent on July 16 and this thing goes to zero.
If someone local was going to buy a whack of assets ala like what happened to Penn West that would have happened by now.
Cresent Point are holding all the cards and seem more likely to buy the assets out of recievership.