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Zargon Oil & Gas Ltd ZARFF

Energy Oil & Gas E&P
Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin projects.


GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd > Debenture holders will get stock either way
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Comment by rad10on Nov 22, 2018 9:55am
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Post# 29009266

RE:RE:RE:RE:Debenture holders will get stock either way

RE:RE:RE:RE:Debenture holders will get stock either wayWhat will the VWAP be in December 2019?  You think it will be ten cents????

Why forego interest payments and take 94% of the company.  There is only 3.5 million US of secured debt ahead of us.

Wait for the "ad hoc debenture committee" to form on Bay St and for the arm wrestling to commence.............

Been down this well trodden path half a dozen times in the last 5 years.

Not expecting the debs to be made whole - just the path towards maximum recovery.

Enjoy!
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