OTCPK:AETLF - Post by User
Comment by
ufoolmeon Sep 10, 2016 10:36am
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Post# 25224934
RE:RE:RE:New Presentation Out, trading at C$5/boe of 2P reserves
RE:RE:RE:New Presentation Out, trading at C$5/boe of 2P reservesUnfortunately you choose to ignore reality. Do so at your own risk.
Facts are facts. Bankers would NOT lend them any money and demanded repayment
of all of their loans, thus the sale of assets. They still owe more money in taxes on
the asset sale than they have in cash, and they can't borrow any more. So they
join up with Lone Pine who arranges a line of credit and will pay off their tax bill to keep them
in business after the merger arrangements are complete.
For the record, Lone Pine filed for bankruptcy in Sept of 2013, and their finances were
restructured under the leadership of Tim Granger. That's the same Tim Granger who will lead Prairie Provident.
Good luck with Prairie Provident