RE:RE:Reality Check Yep Oliver1951, they could have negotiated a better rate than the 9.5% for the added debt. They just added to the current debt so they could obtain the money quicker for the acquisition. This is not in the best interest for the shareholders. Just what kind of financiers do they have working for Gran Tierra! Everything is done in a hurry, slapped together and shareholders are told in the end.
Frank007, yup shoulda coulda .woulda! What will the timeline be to return to profit be now with all this debt they have taken on? I’m afraid to even think since they spend more than they make! One thing is for sure the upper Management and Board of Directors will collect their pay, bonuses, offered options etc., as applicable and in all the while increasing their shares, the overall share count while diluting the average shareholder.
Just the way I see this whole situation being played out!