from Mat
As both a BNE shareholder, and a landowner which has upon it multiple Bonterra leases, I can offer a unique perspective as to how poorly this company is run, that extends far beyond its abysmal performance on paper. Aside from the recent downturn in the market, spills/pipeline ruptures, atrociously maintained leases, and ridiculous routine "corner cutting" measures are going to be the death of this company. If other shareholders actually knew even half of the shoddy practices employed by Bonterra, they'd run for the hills. Their recent acquisition of $104 million in loans will merely act as a temporary bandaid. When the creditors eventually come a-calling, it will be game over. They are just too small a company to survive. So too though is Obsidian. In my opinion, a synergistic merge is the ONLY way either company will survive moving forward. They are both in an "Adapt or Die" situation. I unequivocally URGE all other fellow shareholders to accept Obsidian's share-swap offer.