RE:RE:RE:Why does this feel like another play by the banks . ..If the rate is high enough, there is usually appetite. I think ATH is going to have to settle for refinancing between 7-9%. That's what is probably taking so much time. They don't want to do it at 9%, but they can't find a market for 7%.
Chris007 wrote: Unlike most other small-mid caps, the long term debt (lol, short term debt now) is in the form of notes, rather than bank debt, so atleast ATH is not entirely at the mercy of a bank or bank syndicate.
The real question is, what is the market appetite for small-mid cap, junk grade, canadian energy notes/bonds?
Nothingmatters wrote: Class action law suits are for those scenarios only.
Canadaforoil wrote: to not offering financing, watch the stock price fall, and then sell the company for pennies to other major bank customers. We need protection from games like this, it isn't fair that these companies get hammered and are sold for pennies then start up again under another name and are now profitable, but privately held.