RE:RE:RE:RE:Shareholder revoltNow since we know that BXE management has all plans in place to screw up the Shareholders, the question is what can we do to protect our investment. Selling them at lifetime lows is not probably a best case.
BXE not going to do anything in favour of us. Shorts taking benefit of this situation and dragging the price down. After last week and today's performance, one thing is very clear that new low is coming soon. Oil at multi-year high and BXE at the lifetime low. I do not think debt is the only concern in the market. Several other companies with more debt than BXE are up 3-7% today. They are far from their lows.
It is the time now to get united and ask questions to BXE. Please send emails to BXE IR daily so that they can feel the heat. If we don't speak now, it would be too late to ask anything after few months.
They won't declare BK because they want to make easy money by sitting in offices and collecting bonuses for nothing.
Get up pals and get united.
Shall we make an online petition to draw the attention of BXE management?
stocksnbonds458 wrote:
I understand your position the "asset value" may be based on faulty assumptions. Even if this actual value is only 40% of what the company states, that would still garner an average share value of $ 6.40 per share after all debts are paid.
I beilieve we only require 5% of shareholders on board to call a "special meeting" where we can have our request to sell the assets included into the next AGM for a vote.
Perhaps we need someone who is familiar with this process to champion the cause if many here aggree with this approach. Else we may be floundering for many years to come
Sell the assets and close out BXE