GREY:TBTEF - Post by User
Comment by
PetroExploreron Aug 12, 2016 12:19am
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Post# 25134222
RE:UGGGH!!
RE:UGGGH!! Good analysis, Bob. The important thing is that it looks like the banks gave them a bit of a break on the interest rate, as the quarter progressed. Prime + 5.2%, is a lot better than 9.25%. That may mean the banks felt more comfortable with their operation, when prices were a bit higher.
The 198 million shares, multiplied by 6 cents, works out to exactly $140 per debenture: they calculated that share amount, based on their offer for the debentures. Not sure what it all means, but the debentures should get more than that. I'll let the company keep plugging along, and they can redeem my debentures for $1000, in a few years from now, once the oil prices climb back up.