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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Twin Butte Energy Ltd
Bullboard Posts
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•••
Comment by HCI_STEELon Aug 24, 2016 3:39pm
66 Views
Post# 25173274

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

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

murams, I am still trying to understand the point you were attemtping to make, stated in red above.

A reverse split to bring the share price up to 3.05 is relevant, how? Doing a split doesn't help in any way in paying the debs.


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