Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:but you bought this junk!

[HCI_STEEL]

HCI_STEEL wrote:

murrarms wrote: Hey HCI ; After Dec31/16  TBe has the option to convert they have to give notice the shares have to trade for 20  days at least 125% of the "Conversion Price" ($3.05 conversion price). If TBE survives they could do a reverse split to bring the share price up to $3.05 Conversion Price. The way I see it if the banks rewrite the loans and hopefully it would give the share price some confidence to make the reverse split more palatable. The way I see it is we need creative management. 


 

Seriously Murrams!!!  They can't just do a reverse split to get the price back up to 3.05...in order to meet the deb terms of a '3.05' price. Are you a new investor or something?

Let's say for a moment they did a 10:1, that would also change the terms of the debs then, requiring the shares to trade for 20  days at least 125% of the "Conversion Price" ($30.05 conversion price) instead of 3.05!