Twin Butte Energy Ltd TBTEF

RE:RE:RE:TBE Facebook page...

[HCI_STEEL]

Yup like WEQ. Shareholders were massively diluted (again I own both debs and shares) but in that case it was because WEQ didn't have the money to pay off the maturing debs. So debs were converted to shares. There is also another series of WEQ debs that is still outstanding that I suspect mgmt will do the same thing with (I also hold those debs currently...later this year is the open window for mgmt to screw those holders as well).

It was funny that when the new CEO came in he explicitly stated how the OandG business wasn't a big part of the company so he didn't expect the downturn to affect the company....unfortunately he apparently didn't have a clue.

I've owned some real dogs and lost significant amounts in my early days trying to stick to Canadian companies...ie Laidlaw, Philip Services (that one cost me 50,000.00 loss), AC, Bombardier, Wilan (still hold that dog some 18yrs later)...but fortunately I also made much more to offset those capital losses with Income trusts (despite the Halloween 2006 Jim Flaherty shaft), Gramma Lees > HCI, Yogenfruz

The forums are mostly entertainment for me now, and I have to say that TBE is quite amusing. 

The only value left for shareholders here is what I've stated when folks said there is zero value....I've had companies that have nothing left but their listing, which someone later buys, and issues shares to the original holders...but those are pennies per thousands of dollars in previous value. It is more of a headache to deal with the tax issues then.

Write it off if you can (cash accounts) and have the brokerage move the holding onto their books so you can do the CRA paperwork properly/

All imho.