GREY:LSTMF - Post by User
Post by
orlandoflon Jul 12, 2016 10:41am
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Post# 25044221
hoping for a deal
hoping for a dealthey only need to get about $150M to survive short term - then they need higher oli prices quickly. I hope they did a large amount of hedging over $50 to allow for more time to get by and survive. It sounds like they are negotiating with debt holders. They could issue stock options as part of the negotiation for free - they could even double the outstanding shares if they had to if they could negotiate a deal.
I got back in for 80K shares at around $0.16 US. was going to get more when oil was looking bullish, but it is looking more bearish short term that may not help LTS.
They are going to have a tough go of it even if they work a short term deal, Our only hope is for oil to go up, but first they have to get funded.