Post by
Butsko1 on Dec 16, 2016 12:06pm
AGM
Well, if they dont get financing, bankruptcy ...not a good day...
Comment by
fagiani24 on Dec 16, 2016 12:13pm
After reading the news about th AGM I'm saddened to say this company is going to zero.
Comment by
redgreen66 on Dec 16, 2016 12:54pm
Do you figure? I know that the mentioning of Seaport is probably not a confident sign. I could also see it as more of a Plan B too in the event there is no 11th hour plan for the debt. Not really to sure what to think.
Comment by
fagiani24 on Dec 16, 2016 1:28pm
Plan be would be just as bad. Plan B would probably be issueing of billions of shares to debt holder, which would generate a 1-500 or 1-1000 split in our shares which would make them worthless. Someone mentioned why are not selling? SP to low, don't matter anymore.
Comment by
redgreen66 on Dec 16, 2016 2:05pm
Fair enough. It's certainly possible that would be how things play out. Or possibly other alternatives due to restructuring. But more important for me today is that someone is buying. And I would be interested to find out why.
Comment by
fagiani24 on Dec 16, 2016 2:31pm
Westcoast, have a look at the last 2 years of Anderson Energy and where they are today. Almost an identical path and story. I would be surprised to see the exact same outcome. You can write and call all you want, only response you will get is them telling you to look at news and press release as legally insider trading laws is the perfect excuse for them not to tell you JACK S---.
Comment by
Olive777oil on Dec 16, 2016 3:12pm
I take this discouraging letter as a warning one. It is the first time that they talk about bankruptcy. But I am not surprised at all because the deadline is so close and no solution so far.
Comment by
fagiani24 on Dec 16, 2016 3:22pm
Agreed. Easier for them to shut the doors after collecting huge salaries and open a new company with investor money and keep the trend going.
Comment by
Olive777oil on Dec 16, 2016 4:19pm
I feel bad to see the huge salaries that they have. I would really like that their salaries would be decided by the shareholders (according to the performance of the company).
Comment by
westcoast1000 on Dec 16, 2016 6:23pm
I agree. ! mill for the CEO, Murphy, seems insane given the size of this company. But, you have to agree we are still in business. That is another reason why we will not go bankrupt. Morrison Well services is a well-known company with loyal long term employees.
Comment by
fagiani24 on Dec 16, 2016 11:39pm
So they can take over assets recover their money. Right now they see their money being spent on high salaries.
Comment by
Olive777oil on Dec 16, 2016 7:59pm
I am just trying to figure out why they have never mentionned the word "bankruptcy" inside the other press releases before and now they are clearly mentionning it? Is it because the bankruptcy is much more probable now? Any idea?
Comment by
BrokeNewbie on Dec 16, 2016 1:06pm
I have some low ball bids, but not getting field. Shouldnt ppl be selling if its going to hit zero?
Comment by
redgreen66 on Dec 16, 2016 1:10pm
Funny I was just thinking the same thing. It's been steady all day. Mind you insiders own what 80% of the shares?