RE:Time is running outHope that todays alarming WTI action will serve as a wake up call to the extreme urgency of getting this refi done.
filefish wrote: Every month that goes by AOC is paying $5mil in interest.
Every day that passes is putting more uncertainty in the minds of shareholders with oil prices being subject to the mood swings of OPEC and real or politically contrived fears about COVID. Fundamental developments in the oil markets take place slowly and only the near term impacts are the actual quarterly numbers that the company generates adding forward guidance. We have only 6 months to go before the Noteholders steal the company away from us.
I continue to question why ATH does not just take at least 150mil in unemcumbered cash and make a tender offer for the Notes at sub Par value and stop paying interest on this. I know, we have gone over and over about this for a long time. Imagine if they did this any time over the past year.
Even Nutall said in May that he expected a Refi in a month or so. That time has passed. I hope he has the "patience" that other posters here keep asking for to hold on to his 50mil shares a while longer.