RE:Not a fun ride!DaveWpg wrote: We shall see how it all plays out. As a convert deb holder I am not putting good money after bad. I voted against the deal and I am still really ticked off at management for not honouring initial debenture terms. Was the alternative really bankruptcy? Once the recap process is done I am looking forward to dumping this piece of garbage.
Personally, I'd understand if you have held for a while and are suffering losses to not be happy with this company. But, if you held any oil and gas company since 2015, or even anything pre-covid, you are probably not happy right now. I am wondering what are your reasons for wanting to dump this company at the bottem dollar prices?
Also, I just don't understand your reasoning not to vote yes on a restructuring it was a good restructuring deal for all, IMO. But, I personally dont know what you guys as convert debt holders got, as I bought into the shares during the bottem before the restucruring after watching this company from the sidelines for years im in a good position. Also I see convert debt holders were the least happy with the deal next to shareholders. The unsecured debt holders are the happiest as they saw without the deal they would most likely never see their money. But, yes the other option was bankruptcy. Or a company saddled with a debt load that would lead to its eventual bankruptcy.
what's that old saying, "One man's trash, is another man's treasure." Don't worry with, 99.35%, 94.92%, 87.66% voting yes.... I think there may just be a few people willing to scoop up your shares at rock bottom prices. Thats just how I feel though like I said if you would like to explain your Greviences I'd like to hear them!