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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada) > 83.5% of shares are held by former note and debenture holder
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Comment by rad10on Oct 05, 2019 10:12am
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Post# 30199531

RE:83.5% of shares are held by former note and debenture holder

RE:83.5% of shares are held by former note and debenture holderunsecured and former debenture holders got 84% of the company in stock...........

But secured noteholders who now control the board want 100%..........

It's a bareknuckle world.  Don't think any of the current secured note holders who control the board will leave anything more than breadcrumbs for the current crop of existing shareholders / former deb holders / suckers......................

Never voluntarily give up seniority on the capital structure................
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