Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:FP article

[HCI_STEEL]

BoomBull wrote:

HCI_STEEL wrote: This deal is FISHY because a normal buyer wouldn't care what the allocation was unless they have some other interest/connection for giving shareholders more than debenture holders.  As far as clcdick, he/she works for someone trying to push thru this deal. If he were really a shareholder/debenture holder and he was so concerned with getting nothing (when the deal is voted down) he would sell. 

Good post.

Out of curiosity, while recognizing that you are a debenture holder, if you had shares would you sell based on this deal likely being shot down?  Debenture holders may fare better in liquidation (still a huge gamble) but shareholders will get nil.  

To hold now with the understanding that this deal will be voted down is to believe that in essence TBE can arrange for a refinancing arrangement with its lenders.  I don't see a better offer coming forth, unfortunately, unless Reignwood sweetens its deal.

I own both. Voting both NO. 20k face debs, and a few shares not worth selling now. Capital loss against other gains.