GREY:RNKLF - Post by User
Comment by
factRbeston Jun 22, 2017 11:07am
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Post# 26392434
RE:spin out
RE:spin outRottenRonnie7 - (6/22/2017 7:41:33 AM) spin out how could you possibly know what this outfit is goin to do next? what is the secret with Qiqavik 'or' better question possibly, why are they doin this? with all the high priced help on the bench and if this is such a good asset...wouldn't it be better to try to develop that? of course that would take $$$ away from the other side of the globe where the demise is imminent!
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The property is stalled as there is no money.
They cannot print anymore RNX paper as the big boys would kill them.
This way they can print new paper for NewCo and start drilling again.
As well, as the Beta Black hole sucks in more cash they can sell part of NewCo to satisfy the gravitation pull on any cash.
I doubt they will get any more loans either.
They have a million dollar annual interest commitment with the last financing alone.