GREY:PRBEQ - Post by User
Post by
Papagalloon Jan 25, 2017 11:28am
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Post# 25752940
COQ MANAGEMENT KNOWS...
COQ MANAGEMENT KNOWS...Bankruptcy = immediate Shareholder Class action against CMC & CM personally, specifically on the issue of Morrison Well Services non compete, and more generally gross negligence.
Several other scenarios that may be more likely...
A renegotiation of debt with current debtholders....debt for equity swap...new lenders...new facility...or CM offers to take company private at .14 to avoid class action, sells off oil leases etc., and returns MWS to CMC without a nasty class action and forensic accounting investigation.
As for Fagioli...you were negative from the get go....why ever invest in something you trash talked?