GREY:ZARFF - Post by User
Post by
stockfyon Nov 21, 2018 4:14pm
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Post# 29006793
Debenture holders will get stock either way
Debenture holders will get stock either wayrad10, you keep posting clueless comments repeatedly exposing your ignorance. You have no idea what you own, which industry ZAR is in. You have been a waste of time from DAY ONE on this board.
First, start with the basics. Debenture holders are NOT bond holders. Apples and oranges.
Second, the debenture holders will get stock either way. So it's at their best interests to let the stock rise as much as possible. And the stock will rise as much as possible when ZAR saves NOW this C$4.2 million in interests. This is how it will drill more, it will produce more, it will sell to another company at the end of the day. If they don't allow ZAR to save this C$4.2 million in interests, ZAR will drill less, so it will be sold at a much lower price in 2010 once they receive their stock in December 2019.
Third, Craig Hansen, the CEO, is a major debenture holder and supports the deal. This means a lot. Common sense. But you lack it.
Another poster alleged that Craig Hansen must be replaced among his other non-sense comments. He must live in his own parallel world, he has no idea what has happened in the industry since 2014, where the oil price is, the bottlenecks and the wide oil differentials in Canada. Keep smoking your pot my friend.