Twin Butte Energy Ltd TBTEF

RE:bojangle3, do you take clowns shows seriously?

[Toast2change]

Exactly!

It's very fun to watch people try and come up with solutions to the TBE Titanic... 

Hopefully, for everyone left in something good happens with the liquidation of assets... get some money back and that sort of thing...

Problem is the Reignwood deal only offered about $40M to unsecured debt and stockholders and an undisclosed amount to the secured debt... which could mean only a portion of the money they were owed.

Watch companies active in the vicinity of TBE reserves to potentially bid in hopes of expanding holdings on the cheap. There may be a way to make money off of TBE by buying into some companies with some cash on hand.

Reignwood wanted the current staff in place to facilitate a smooth transition... but now they will just buy the parts of TBE for a discount... looks like Reignwood played the Debs like a fiddle... made you shoot down an offer which shot stockholders and debholders in the foot.

Enjoy your capital loss write-offs people... hopefully you weren't investing via RRSPs or you're SOL.