Rooster Energy PRBEQ

K2 Principle Fund owns 20 million COQ shares

[Papagallo]

This company may be considering going private...less grief and they can take everyone out before they have to share too much upside.

[Burnerman]

If this was the case just how would they go about doing that?  Most of us have an average cost above 7 cents. Out of just over 1600 rigs in 2014 there is less than 318 left. If oil can breach the $50 mark within the next week or so would there be any reason for them to not get financing?  Chet put this company together with a vision but even he would not have believed that Obummer would

[Olive777oil]

Now, they are leaving us under water in the darkness. They have never mentioned anything to show us that they are confident to reach an agreement soon about the loan renegotiation. It is a big issue. Does anyone know how much Mr Morrison invested from his own money when he bought this company in 2014? 

[Woody10]

he invested nothing in this company, nada... Just the opposite, he took C$ 10 million out, when they went public.  They have absolutely nothing to lose, when COQ can not pay their bills, as the Morrisons are the creditors and this paragraph secures them all they want to own for cheap.

[Olive777oil]

I remember that he took 10 millions $ out. Anyway, it is a very risky stock!

[Sheperd]

Can you read financial info??? They have absolutely nothing to lose, when COQ can not pay their bills, as the Morrisons are the creditors Morrison are not the senior dept creditor... the 60 millions dept from someone else ... They did put over 38Millions in equipment (Morrison well services) he did receive 10M$ But Rooster also borrowed 11.4 Millions to Cherster. over the last 2 years...

[fagiani24]

Only one bullshitin here is you Sheppard. How's your 1200% coming along? If there isn't a plan to pay the debt, what will happen is COQ will either fold or offer billions of shares to cover the debt, which could make this worthless. Not saying it will happen, but it's a very good possibility.

[Sheperd]

Stop comming back with this 1200%.... it was totally sarcastic, and followed by a big LooL I doubt they will trow the towel... they can still borrow money... they say: Under the First Amendment, the cash interest rate on Senior Secured Notes remains unchanged. In addition to the cash interest, from and after March 14, 2016 until June 30, 2016, an 8.0% interest shall be paid in kind (“PIK Interest