Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:Reignwood offer

[kasparovisme]

Banks take a "20 mil haircut... ". HaHa Ha No Way 

Why would any buyer or financial advisor waste time with a serious bid in August 2016 which needed Deb and shareholder approval,  Town is littered with properties for sale no need to wade in until bottom is reached. Bank always knew they would NOT LOSE a penny every offer would have had to make them whole or in worst case they take title of Tbe assets   In BIA . After which they would find/finance a company to buy assets.  
The process of BIA  made bidders step up as they all knew as long as bid covered bank debt, assets were going to sold. ( guarantee sell) plus bidders could side step standard financial fees and only pay court mandated fees. Mac had $hit to do with it. And whoever can't see that is dummer than a sack of hammers.