Rooster Energy PRBEQ

News release

[Burnerman]

Now that I have calmed down I have thoroughly studied the latest release. Although it is not what most shareholders were expecting there is a key point that is positive. A term sheet is defined as a bullet point document. It appears that the note holders had studied this document and have agreed that it is close to what they are looking for. Hence non-binding. Just a few minor issues to adjust. Since the term sheet was acceptable to the note holders the company in good faith that a positive result could be accomplished paid all interest monies owed to date. Maybe just a little more patience is required here. The new financing agreement must favour both parties in order for the company to concentrate on growth. Since no specific date has been announced I'm assuming they will be working diligently to complete a financing arrangement as soon as possible.      JMO.        GLTA

[Sheperd]

I'm happy with this release... we are heading in the good direction, we will live long enought to see the annual financial, wich should be very good and at this moment I think they will also tell the shareholders whatnew term have been negociated until 2020-2022 and they will remove that  BK notice or other scarry text that they always put at the bottom of every single NR since march 2016