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CONA RESOURCES LTD T.CONA

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."


TSX:CONA - Post by User

Comment by xbox360on Aug 03, 2017 7:33pm
196 Views
Post# 26545622

RE:RE:Going bankrupt?

RE:RE:Going bankrupt?They've used credit facility and very high interest bearing loan to temporarily deal with the issue. Not even sure why they opted to redeem additional 7.5 million that wasn't tendered, which is now costing them higher interest. Waterous taking over the company has made the situation worse. Getting rid of founding CEO and COO to pay himself a high Chairman salary, not doing any work. Changed the company name so more people wouldn't know what's happening. Shareholders probably want to know how they plan to reduce interest rate on the loan or pay back the debt sooner. You are like the company just posting that link.
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