Post by
hardeehar on Jan 24, 2014 3:50am
Back in August
Arcan said they were shifting focus on debt reduction for the remainder of 2013.
And true-to-form they have failed miserably on that front, leaving shareholders with yet another big motza-ball.
Then to add insult to injury we will get to read in their annual report how these creeps will award themselves with cheap stock options for a job well done.
Excuse me while I go vomit.
Comment by
veronikagermany on Jan 24, 2014 2:44pm
They sold some properties recently and received 7.5 million that will be put on the debt line to reduce the debt.
Comment by
veronikagermany on Jan 24, 2014 2:45pm
However, they need to sell another 1,200 boepd to bring the debt down significantly. That was the plan.