RE:Get out before it's too late.....mrmomo wrote: I'm going to call it now as i did with Bonavista almost one year ago. With no more cash, no ability to borrow and with creditors breathing down their necks.......it will only be a matter of time. These facts with the added reality that their debts & liabilities far surpass any value in their assets make this a ticking time bomb. In other more simpler words for folks who are confused, THEY ARE DONE. Imo, it will be only a matter of time before they enter in creditor protection after realizing nobody will give them even current valuations for any potential buyout. When this option has run its course and all negotiations are over & done, i fully expect them to file for protection from creditors and s/h getting fleeced. As those in Bonavista did before them including those in Pengrowth and many unfortunate others. If s/h are lucky, it will go like Pengrowth, if not it will end up like Bonavista, Bellatrix, Delphi and other unlucky souls. I fully expect this will be known by year end. I rec'd people get out now and salvage what you can before the hammer comes down and you are stuck with big losses.
Good luck to all
I tried to warn fellow shareholders about this fool! Sadly, some of you took his advice and have been badly burned!
Kherson