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.

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Zargon Oil & Gas Ltd > if SP is at 0.05 now, why Debenture-holders will accept 0.1?

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Comment by nkbourbakion Nov 23, 2018 6:46pm

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RE:RE:RE:if SP is at 0.05 now, why Debenture-holders will accept 0.1?

rad10 wrote: exactly - and that is why a "no" vote makes sense. Get a year of interest in cash, dilute the shareholder base and receive a higher percentage for the principle in diluted stock in December 2019.

I was just reading through the indenture. Getting the interest payments in cash by selling shares wouldn't be easy or efficient IMO. Who's going to bid for those shares in quantity?

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