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Manitok Energy Inc MKRYF

Manitok Energy Inc is an oil and gas exploration and development company. The corporation is engaged in the exploration for, and the development, production, and acquisition of petroleum and natural gas reserves in western Canada. It mainly focuses on conventional oil and gas reservoirs in the Canadian foothills along with crude oil in Southeast Alberta. The majority of its revenue is derived from the petroleum and natural gas.


GREY:MKRYF - Post by User

Bullboard Posts
Post by HRc60to65on Jan 19, 2018 8:05pm
167 Views
Post# 27398741

NOI

NOINet bank debt ($000) (1) 43,974
Senior secured notes ($000) 18,484
Long-term financial obligations ($000) 14,777 14
Net debt ($000) (1) 77,235

The most possible proposal will be:

0,90$ per 1,00$ in cash for the Bank 43 974 000
and all other obligations at 0,70$ per 1.00$ in shares

What will happen to us, the common sharesholders ? shares cancel or stay valid with a reverse split at 1:5 or 1:10 or other ratio?

Haircut for all except the management

The big winners will be the management
Bullboard Posts